overpay mortgage

adamcarvell

Begsey wrote: »

As said, I'm now with Nationwide. My previous remortgage in 2016, I stuck with RBS.
Signed up for it online in January, it didn't change until 31st March (when my 2 year deal had ended).

oh ok then if i sign up for it it won't change but the deal will be held for me until next April the 4th.

adamcarvell

one further question we are looking to over pay £100 a month for as long as we can as my mortgage sin three parts which part or parts should i over pay ? this is my quote.
Loan Outstanding balance Outstanding term Changing to the new deal Monthly payment breakdown
1
£21,241.75
8 years Yes
£242.37
2
£20,660.73
8 years Yes
£235.74
3
£3,166.25
8 years Yes
£36.13

kingstreet

The one with the highest rate.

adamcarvell

kingstreet wrote: »

The one with the highest rate.

they will all be on the same interest rate of 2.29%

adamcarvell

1
£21,241.75
£242.37
2
£20,660.73
£235.74
3
£3,166.25
£36.13
thieves are the three parts is it better to split the over payment between the two largest amounts or target just the one ?.

adamcarvell

Those are the three parts of the mortgage

getmore4less

which bits of post #2 did you not understand?

adamcarvell

I’m not switching lender so my mortgage will be still in three parts. My question is which part of the mortgage to make the over payments too ?. The two lager parts or just one of them.

Lokolo

adamcarvell wrote: »

I’m not switching lender so my mortgage will be still in three parts. My question is which part of the mortgage to make the over payments too ?. The two lager parts or just one of them.

As it's already been said, look at post 2.

It makes no difference.

adamcarvell

Lokolo wrote: »

As it's already been said, look at post 2.

It makes no difference.

ok thanks i thought it might be best to pay the overpayment off the largest sum that was all.