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Overpayments when on standard variable mortgage
UKSBD
Posts: 842 Forumite
I'm currently on a fixed rate and overpay by 10% a year
This is the maximum I am allowed to overpay without receiving a penalty.
Does this only apply when I am in a fixed term contract and once contract ends I can make a lump sum payment, or will I only ever be able to overpay by 10% a year?
This is the maximum I am allowed to overpay without receiving a penalty.
Does this only apply when I am in a fixed term contract and once contract ends I can make a lump sum payment, or will I only ever be able to overpay by 10% a year?
0
Comments
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Yes, no limits on standard rate.
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Note: Always check with your Lender before making any large overpayment.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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