Mortgage help?

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! 


  • savingholmes
    savingholmes Posts: 27,283 Forumite
    Name Dropper First Anniversary Photogenic First Post
    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 by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26%
    2) Spend on handyman & external building works £11.1K
    3) CC £2.5K on 0% spends card but offset by £34K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £9.6K/£127.5K AVC target 7.5% value @15/4
    5) FI Age 60 annual income target £13.7/30K 45.7%
Meet your Ambassadors


  • All Categories
  • 343K Banking & Borrowing
  • 250K Reduce Debt & Boost Income
  • 449.6K Spending & Discounts
  • 235.1K Work, Benefits & Business
  • 607.8K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards