When does it show? 30 April 2016 at 9:30AM in Mortgage-free wannabe 3 replies 825 views

Sillygal

Hi

Just wondering - My building society lets you set your overpayments of over £500 to reduce the term of your mortgage..

I was wondering when this actually shows on your statement. I thought it would show immediately..

Will I have to wait for my yearly statement for the new end date to show?

Thanks

:beer::beer:

Luckyinlife

I guess if you have to wait for a statement you wont see it till then

but typically if i overpay on monday it could be tues/weds/Thursday before its aculally taken off my main balance

Sillygal

It shows in the main balance, but not that the term has been reduced?

selloptape

I think they're all different - I OP over the phone and get them to confirm the new term to me. They follow up with a letter about ten days later confirming the new term.