Need new mortgage, when can I overpay

WorkerBee

Right, here is the sitch:
My current fixed rate with Halifax is coming to an end this month and I will try to remortgage elsewhere as their offers for existing customers are pretty poor.
I have early repayment charges in place I believe.

I have also been given a small lump sum of 10k that I would like to use to pay down the mortgage a bit. Currently I can go from current deal - new deal or current deal - svr - pay off 10k - new deal but wanted to see if there were any other options?

Numbers as stand: mortgage is 56k, value 130k estimate, ex council flat.

WorkerBee

Ignore, it's not letting me edit the post but writing it down made me realize I left it too late to avoid svr so choice is made.

HampshireH

Only until you find a new deal surely?

Once you are out of your fixed term you can still see what else is available to you?

Socajam

I know your goal is to overpay the mortgage, but do you have:

1. life happens fund; and a
2. emergency fund

If you do not, I would use the 10K for that purpose and then any extra money you have from now on use to overpay the mortgage.
I was able to pay 50 pounds overpayment on my mortgage and that helped a lot.

getmore4less

Halifax are rubbish for small mortgages.

Just start looking for something better now.

dimbo61

Consider an offset mortgage.
That way you can put the £10,000 into an offset account saving you interest on the outstanding balance.
Great way to keep the Emergency pot everyone should have while also earning a good rate on your savings