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NatWest 30% over-payment.
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wullie
Posts: 118 Forumite
I just found out i can make a penalty free over-payment on my Natwest mortgage of 30%. That's because i am renewing with them when my old deal runs out. It seems quite a lot, and i have no reason to doubt the lady on the phone at all. But it just seems odd i have never read about this before. As an eternal pessimist , should i be worried ?
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Check your paperwork, it should make it clear.0
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Why 30%?
I'd expect 10% during a rate period, or unlimited without...I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I just found out i can make a penalty free over-payment on my Natwest mortgage of 30%. That's because i am renewing with them when my old deal runs out.
You can paydown any amount you like once the "old deal" expires, and the "new deal" commences.
Is the 30% the amount that you wish to pay off the mortgage.0
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