Mortgage overpayment

tony3619

Seeing as TSB refuse to answer my emails and the phone line is over an hour wait can anyone confirm if I can make a mortgage overpayment in a TSB branch via chip and pin? 

[Deleted User]

I wouldn't imagine so.

Available methods here -

https://www.tsb.co.uk/mortgages/existing-customers/making-extra-payments/

tony3619

Deleted_User said:

I wouldn't imagine so.

Available methods here -

https://www.tsb.co.uk/mortgages/existing-customers/making-extra-payments/

Thanks for this. 

Would you recommend overpaying on a mortgage? I was thinking of paying about £1000 a year. I'm caught between keeping the money incase of a rainy day or using it to eat into the debt and bring down interest payments to lessen the burden on the predicted interest rate rises. 

It's currently around £80,000 at 1.69% but will certainly rise when my fixed rate ends next year. 

Thrugelmir

Always worth having an accessible rainy day fund. Short term borrowing on credit cards can soon wipe any benefit away from overpaying the mortgage.