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Four Weekly Mortgage Payments

Are there any lenders who allow a mortgage to be paid four weekly rather than monthly ?

I am four weekly paid, and while not having to pay my mortgage on one pay day a year is nice I sometimes think I would benefit from a lower payment every four weeks, and of course if interest was charged daily I would save a little bit.

I know it's unlikely but just thought I would ask.

Comments

  • ACG
    ACG Posts: 24,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    None that i know off but you might want to take a look at offset mortgages?
    There are a couple on the market - positives = you stop paying interest on that portion of the loan when pay hits your account, negatives = you can get lower fixed/tracker rates.
    You need to do the sums to see if its worth doing i suppose.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
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