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Overpaying mortgage without penalty
onthewayout
Posts: 52 Forumite
Are there mortgages that allow overpayments without penalty charges? Still a few years away from buying, but I'd like to get a 25 year mortgage and over pay it quite a lot in the good times, but keep the flexibility of clearing it over 25 years of low payments if I ever hit a rough patch. As opposed to looking for a 10 year mortgage with high payments where I'd be stuck if anything happened to my job.
This would be in Scotland btw - not sure if it makes a difference?
This would be in Scotland btw - not sure if it makes a difference?
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Comments
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yes there are - is that is important to you.
both unlimited overpayments, limited overpayments, and offset/flexibleI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
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Woolwich
Coventry
Accord
all do likely productsI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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