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Mortgage help?
Joooolz222
Posts: 2 Newbie
My current mortgage fixed term ends soon so I will be looking for a new deal shortly. I’ve overpaid my 10% allowance this year and was looking to overpay some more (I understand there would be a charge if I do this) before I make this decision and get charged extra I wanted to ask if anyone could answer me ….. if we stay with the same lender when we are choosing a new product will we be able to make an overpayment at the time of the changeover without the penalties over and above the 10%. Any advice would be much appreciated!
1
Comments
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If there's a gap between the deals or you ask for a lower amount on the remortgage you should be able to.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
(If bigger lump sum £15.8/30K 52.67%)
5) SIPP £4.8K updated 29/7/250
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