Fixed rate calculation help

getmore4less

YOu don't have to wait a month, you can over pay the at the time you change deals so it can be same/next day.


Reducung term commits to higher payments usually better to keep the term long and overpay.

A_Frayed_Knot

getmore4less wrote: »

YOu don't have to wait a month, you can over pay the at the time you change deals so it can be same/next day.


Reducung term commits to higher payments usually better to keep the term long and overpay.

Its slowed us down being on a fix with santander who limit you to 10% a year. When your mortgage gets lower its a real hindrance.
Originally posted by JimLad,
Looks like JimLad is looking for a way to overpay more than the 10% a year allowed, so at end of term, shorten your term (within your reasonable limits) which in turn will up your payments and still allow for a 10% overpayment per year.