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Paying off early
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Jonny2019
Posts: 5 Forumite
I currently pay £600 a month mortgage while it’s on a fixed 1.9% interest rate till 2022, will these arranged overpayments be taken in to account towards my 10% a year charge free Or will I be able to pay another 10% on top a year?
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Comments
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So the £600 is more than your contractual payment? If so, it will count towards your overpayment 'allowance'0
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Usually pay £346 a month but pay £600 because I thought hitting it while the interest rate is low make sense to me0
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Why would low interest rates incentivise you to overpay? Surely it's the opposite.0
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