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Mortgages that offer unlimited repayments

Accountant_Kerry
Accountant_Kerry Posts: 630 Forumite
Part of the Furniture 500 Posts Name Dropper
in Mortgages & endowments
Hi, 
Apart from First Direct does anyone know who offers mortgages with unlimited repayments where the mortgage is not on the SVR?
Thanks
Aug 24 - Mortgage Balance £242,040.19
Credit Card - £8,141.63 + £4,209.83
Goals: Mortgage Free by 2035, Give up full time work once Mortgage Free, Ensure I have a pension income of £20k per year from 2035

Comments

  • haras_n0sirrah
    haras_n0sirrah Posts: 1,339 Forumite
    1,000 Posts Name Dropper
    yes - there are a few lenders who do this
    These will be tracker rates
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Many mortgage are unlimited overpayments, 
    some charge a fee if over limits.
  • D.L
    D.L Posts: 137 Forumite
    100 Posts First Anniversary Name Dropper
    Coventry Building Society do as well.
  • Sistergold
    Sistergold Posts: 2,136 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    @Accountant_Kerry
    I expect most banks will have a product you are asking after. They will have it as a tracker for Xyears or as a discounted variable rate for Xyears you just make sure that you tell them you want to be able to make unlimited OPs. 
    I have a discounted variable with WestBrom working @1.49% at present and it was for 2years at the start. It discounts 2% on their SVR.
    Xx
    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    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#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You could also look at Offset mortgages and build up savings in the offset accounts.
    YBS and Barclays are 2 we have used
  • jamielutz1987
    jamielutz1987 Posts: 304 Forumite
    100 Posts Name Dropper
    @Accountant_Kerry plenty of products that meet your requirement in the market. A few of the high street lenders are HSBC, TSB, Nationwide, etc all of whom offer no-ERC trackers up to a certain LTV. Nationwide has a fee-free one as well.
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