can you overpay tsb mortgage online

anna42hmr

Hi all, if my flat purchase all goes to plan, i will be having a mortgage with TSB on a 2year fix basis and can over pay by 10% in a year. I am intending to overpay the mortgage gradually and can see from their site that you can either do this in lumps or on a regular basis.

Looking at the mortgage offer they calculate interest on a daily basis so would be more beneficial to pay as i go along rather than say once or twice a year.

I can see from their site that you can set up the direct debit so they take a set amount above the payment, however whilst i have a minimum monthly overpayment in mind, I am hoping that i can exceed this on some months. Therefore a set amount above may be months, i am looking for the best way to pay additional payments.

Has any one got a mortgage with TSB, if so what has your experiences been with this? Is any of the following options available?

1. overpayments through internet banking - I have a tsb current acc and wondering if the website has quick transfer option between the current acc and a mortgage acc in same way as they do to transfer into a savings account.

2. can you make a faster payment into the mortgage account?

3. Do they accept standing orders (rather than the direct debit) which could mean i can amend the s/o accordingly each month if needed?

jacobtheamish

You will probably find an answer to this very lender specific question by speaking to customer service [URL="tel:0345%20835%203380"]0345 835 3380 and have your mortgage account number ready.[/URL]
[URL="tel:0345%20835%203380"][/URL]

[URL="tel:0345%20835%203380"][/URL]
It has been my experience that lenders will accept payments in the same way you would do any online transfers, paying it as and when available will save you interest in the long run[URL="tel:0345%20835%203380"][/URL]