We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Barclays 'overpayments balance' mortgage
Comments
-
It looks like there is no limit to how much one can overpay (both in terms of time and money) as long as each amount transferred to mortgage account is at least a penny less than 3X the monthly contractual repayment amount. So theoretically, one can even repay the entire mortgage balance in a day by making multiple transfers and ensuring each transfer is under the 3X limit.
0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.6K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.6K Work, Benefits & Business
- 599.9K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards