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Halifax overpayments
Newme2014
Posts: 156 Forumite
Hi
Once the conveyancer has pulled his finger out I should be starting a mortgage with halifax, I want to be able to overpay and thought this would be quite simple but after looking at some of the posts on here I'm a bit confused.
Has anyone got a mortgage with them and overpays?
I was hoping to be able to just transfer money in as and when but it seems a bit more complicated than that. Would I be better off putting it into savings and overpaying once a year?
I'd like to get my head round this early on if I can
Once the conveyancer has pulled his finger out I should be starting a mortgage with halifax, I want to be able to overpay and thought this would be quite simple but after looking at some of the posts on here I'm a bit confused.
Has anyone got a mortgage with them and overpays?
I was hoping to be able to just transfer money in as and when but it seems a bit more complicated than that. Would I be better off putting it into savings and overpaying once a year?
I'd like to get my head round this early on if I can
Mortgage started 02/2015 opening balance -£183,349
Due to end 02/2045
Current balance 14/12/15 -£178,000
MFW #48 £2395.25/£5000
Due to end 02/2045
Current balance 14/12/15 -£178,000
MFW #48 £2395.25/£5000
0
Comments
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Once the mortgage account is set up. All that's required is for you to transfer money to the account. The proviso being that you may be restricted by the terms of the mortgage product you have opted for, as to the amount that you able to overpay.0
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I can do up to 10% but I reckon I'll only be paying about 5% at the mostMortgage started 02/2015 opening balance -£183,349
Due to end 02/2045
Current balance 14/12/15 -£178,000
MFW #48 £2395.25/£50000 -
upto 10% , really simple via online bankingDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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I set up a standing order using my account number as a reference (if you ask in branch/ over the phone they will tell you the account number, but include the other number you see online) as I couldn't get the direct debit set up. Once it's done you can swap and change it to whatever you want to pay per week/ day/ month etc:T:T :beer: :beer::beer::beer: to the lil one
:beer::beer::beer:0
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