We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
How Much Can I Overpay?
Options
neopagan
Posts: 23 Forumite
I have a mortgage with TSB and have about 28 years to go. My question is what is the percentage I can overpay per year without getting fined?
0
Comments
-
I'm no expert but I dont think there will be one answer - depends on the product. Ask the provider.0
-
Exactly as Greta says. Phone them and ask or go through your mortgage agreement, that's where I saw mine. After asking, I checked my agreement.
Got to remember my bank didn't have a clue how to allocate an overpayment to main account and keep my payments the same :eek:
ps, usually 10% of mortgage balance as at 1st Jan of the current year.Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_Now a Part Timer from 27.10.190
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards