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Halifax mortgage overpayments
jimmeee
Posts: 445 Forumite
Hi,
Does anyone know the answer to the following?
My current fixed rate deal with the halifax is coming to an end. I have currently almost used up my allowed 10% overpayment amount.
If i switch to a new fixed deal with the halifax, will this overpayment amount be reset to 0 so that i can make more overpayments without penalty, or does it only reset 1 january next year?
I understand that i could repay a lump sum when the deal is up and remortgage but then i think i have to go through the application process whereas switching to a new deal is more straightforward and less paperwork.
Thanks.
Does anyone know the answer to the following?
My current fixed rate deal with the halifax is coming to an end. I have currently almost used up my allowed 10% overpayment amount.
If i switch to a new fixed deal with the halifax, will this overpayment amount be reset to 0 so that i can make more overpayments without penalty, or does it only reset 1 january next year?
I understand that i could repay a lump sum when the deal is up and remortgage but then i think i have to go through the application process whereas switching to a new deal is more straightforward and less paperwork.
Thanks.
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