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Nationwide Bmr v 10 year fix

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  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    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 ?
  • 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 450
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Are you saving up for the extension or expecting to borrow?
  • 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 checks
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