We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Nationwide Bmr v 10 year fix
Comments
-
Our you sure you will not be moving home in the next ten years ?
If you overpay by £150 a month £1800 a year you will have overpaid by £18,000 plus interest saved.
Does the fixed deal have an overpayments limit ? 10% ?
Does Nationwide recalculate your mortgage payments each year due to your current overpayments ?
Have you got a static monthly payment ?0 -
We are looking at having an extension so nearly 100% we won't move.
Can overpay by 10% of original amount borrowed per year so approx max 8,500 per year
We have a static amount of 450 set up so even though the payment reduces each year we have a fixed payment of 4500 -
Are you saving up for the extension or expecting to borrow?0
-
Getmore4less, the extension would b paid out of savings and money from the family so no mortgage borrowing. Since first getting the mortgage my wife is now a full time mum so dnt think we wud pass the new affordability checks0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.4K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards