It's kind of fun to do the impossible

South_coast

I'm with NatWest and what bubblycrazy has said is absolutely right. They'll always see the term as the same length, but if you OP enough and keep within the limits you'll eventually run out of money to pay back. Anything £1000 or above and they'll recalculate the monthly payment, £999.99 and you're absolutely fine 😀

Just make sure you space out the payments, so you don't accidentally pay more than £1000 in a short space of time as they'll count it as one payment (they were taking ages to credit mine in the run-up to Christmas, so I got in the habit of sending the next one when I saw the previous one had credited - then they caught me off-guard by crediting one really quickly, so I sent the next one, not realising it had only been 5 days and they've recalculated my monthly payment to £61.90 for the next 20 years 🤦‍♀️ A week apart each time and you'll be fine!)

South_coast

Just as an extra comment on the above, make sure you don't pay any big amounts close to your standard payment date, so it doesn't get seen as one payment - if your standard payment is £580, don't manually send them any more than £400 a week either side of that payment date

Sholly

South_coast said:

Just as an extra comment on the above, make sure you don't pay any big amounts close to your standard payment date, so it doesn't get seen as one payment - if your standard payment is £580, don't manually send them any more than £400 a week either side of that payment date

Oh thank you! I was going to add the £999.99 to my regular payment thinking that the £580 would be kept separately to the £999.99 - so much to think about!! I'll wait at least a week then and check online that the figures have changed before paying the next one. How do you pay your extra payments? Just on the lump sum overpayment part of their website? I noticed it said it accepts credit cards so I was hoping to use my Amazon card for the points - if I use it to pay the £7.5k, I'll get 1,875 points - 1,000 gives me a £10 Amazon voucher - and every time I pay £999.99 I'll get 249 points so I'll be earning a £10 voucher every 4 months (I'll easily make up the missing 4 points!) - it's all adding up! Off to check my Amazon T&C's...!

South_coast

Ooh, I didn't know you could do it by credit card - I could be earning Nectar points 🤣!

I always do it by Faster Payment from my internet banking:

(use your account number as the payment reference)

Sholly

I bet the Faster Payment would be far more convenient than paying by credit card! The credit card option is on the payments section of the dashboard - there's an option to pay by credit/debit card or from a NatWest account if you have one. They don't accept Amex though unfortunately - I have an Amex and that would've given me £9.99 per month in cashback.

bubblycrazy

Yes mine is set up as a payment on my online banking making it really easy to OP small amounts as well as large. 
What a good idea to use a card to earn points.

I knew I'd read it happening to someone recently but I couldn't remember who @South_coast, that must have been frustrating! 

South_coast

Yep, especially as the interest is still the same and is now 1/3 of the monthly payment 🤣! Just makes me more determined than ever to OP!

Sholly

bubblycrazy said:
What a good idea to use a card to earn points.

I'm not completely sure that the points will work, but I can't see anything in my T&C's that says it won't. I'll give it a go next week and report back!

Sholly

South_coast said:

Yep, especially as the interest is still the same and is now 1/3 of the monthly payment 🤣! Just makes me more determined than ever to OP!

It must be an amazing feeling to see that outstanding mortgage at 4 figures! I've subscribed to your diary to keep me motivated

South_coast

Blimey, now I feel like I need to post something motivational....😮🤣!