Noticed some changes? You can read all about the improvements we've made on the Forum in our latest announcement. We also have a new set of Forum rules so please take the time to give them a read and familiarise yourself.
How much extra can you pay in a mortgage agreement?
TimJoness
Forumite 2 Posts
Hi all,
How much extra can you pay in a mortgage agreement typically?
Let's say you pay your mortageg but every now and again you want to pay more to reduce the overall mortageg. Is there a limit?
How much extra can you pay in a mortgage agreement typically?
Let's say you pay your mortageg but every now and again you want to pay more to reduce the overall mortageg. Is there a limit?
0
This discussion has been closed.
Latest News and Guides
Replies
i can overpay 10% of the opening balance of the mortgage each year on the 1st jan
anything over 10% incurs a 5,4,3,2, or 1% charge depending in which year of the 5 year fixed rate i am in
Baby Step 2 - Pay off all debts except the Mortgage - £9,326 to go
Baby Step 3 - Save 6 months of expenses into full Emergency Fund - £4,300 to go
Baby Step 4 - Put 15% into Pension
Baby Step 6 - Pay off the Mortgage early
Baby Step 7 - Live like no-one else