Mortgage with fixed rate with overpayment

I have been doing overpayment every month in addition to my monthly mortgage payment. The deal comes to an end at the end of the year. Will I be able to get a new mortgage and still make the overpayment or will they offer me something else since they can see I can pay the mortgage and an overpayment.

Replies

  • Theyw ill normally send you a letter to tell you your current mortgage is coming to an end, its then up to you to decide if you want to apply for a new one or stay on the SVR.

    If you decide to apply for a new deal they will look at your LTV and current situation and offer you a deal based on 2,3 5 years. They shouldnt make you complete a whole new mortgage application. obviously if you advise them of a change in your circumstances, they will re evaluate from there.
  • AnotherJoeAnotherJoe Forumite
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    I have been doing overpayment every month in addition to my monthly mortgage payment. The deal comes to an end at the end of the year. Will I be able to get a new mortgage and still make the overpayment or will they offer me something else since they can see I can pay the mortgage and an overpayment.

    What do you mean by that? "something else" ? Do you mean a better deal than otherwise? Or a worse deal?? Or something else?

    They will have a range of retention deals they offer to existing customers. They will offer you those. Your overpayments are immaterial to what they offer.
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