Unsure about overpayment rules

A_Frayed_Knot

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?