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Unsure about overpayment rules
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fresh_cotton wrote: »does anyone know when banks typically apply the charge? as in, does it show on your statement straight away or is it a fee that is applied right at the end.
Im with Halifax and know that I have exceeded the limit before however never been charged a fee - I have changed products and even reduced by mortgage term since however no sign of a fee
As I mentioned, I overpaid by a small amount whilst in a deal, and they immediately sent a letter, stating on this occasion they would not apply the penalty for overpaying above my 10% allowance.
Just as well, since they informed me how much I had left of my 10% allowance to still o/p, then decided that was too much :eek: :rotfl:
Have you changed or reduced your mortgage out of deal or within 3-6 months of your deal ending, as probably no charge within this time?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
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