Mortgage overpayment

spring55spring55 Forumite
1 Post
MoneySaving Newbie
Hi I have completed a request online to increase my monthly mortgage payment but it hasn't been actioned. The information my online mortgage account gives is out of date. My monthly payment is showing the amount it was before the interest cut.  My direct debit has been reduced & the reduced amount taken out of my bank. I would like to increase my monthly payment & pay a lump sum I tried phoning but it said essential calls only so I hung up. I can't make an overpayment online as the service says it's not available. In these unprecedented times I don't want to occupy the banks time & prevent someone getting through who is desperate for their help. If I leave things as they are I'm paying interest that I don't have to. Can anyone advise me. Btw mortgage is with Lloyds. Thanks 

Replies

  • longway2golongway2go Forumite
    967 Posts
    Part of the Furniture 500 Posts Name Dropper
    ✭✭✭
    https://www.lloydsbank.com/mortgages/help-and-guidance/managing-your-mortgage.html
    Looks like you can do a bank transfer/standing order. Just make sure you have no early repayment charges first 
    Mortgage Aug 2019 161,000 :eek::eek::eek:
    Nov 2019 156,500:T Jan 2020 153,122:T, Apr 2020 149,500, Apr2021 139, 675, Oct 2021 136,823, Dec 2021 136,120🙂
    EF 0/12,000 (0%)😕 (5062.44 was ERC)

    Aim for 135,062 by Jan 2022 for 3 year challenge - 1058 to go

    Our Mortgage is never going to be as high as it is today. :j
    Onwards and downwards to a better life for our family. :j
    Just keep swimming
  • SistergoldSistergold Forumite
    1.2K Posts
    1,000 Posts Second Anniversary Name Dropper Photogenic
    ✭✭✭
    Hello
    you should be able to overpay online through your own account  setting it up as a payee and using your mortgage account number as reference? Look through your Wellcome pack and see if they give you details on how to pay through your account. My mortgage is not with Lloyds but I think this is standard. 
    Initial mortgage bal £487.5k, target £384k
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽‍♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW #34 (2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    To save £100K in 48months start 01/07/2020 @£73400 SoFar 
    Am a single mom of 4. 
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