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Finding out how much I can overpay

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Hiya all,

Can anyone please tell me how I can find out how much I can overpay of my mortgage???

I am having a seriously dense day today.;)

Comments

  • phone your mortgage company and ask them, thats what I did.
    Wiggly:heartpulsFB

  • Bluerover
    Bluerover Posts: 124 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    See thats what I meant by a dense day an obvious answer.....Thank you
  • Bluerover wrote: »
    Hiya all,

    Can anyone please tell me how I can find out how much I can overpay of my mortgage???

    I am having a seriously dense day today.;)

    Not really that dumb. Some mortgages charge penalties on overpayments e.g. Nationwide trackers at 3%. However you can overpay for free by asking a different question - they allow you to adjust the term up and down so you could change the term one month to 10 years rahter than 25 years say - pay the hiked payment and re-extend the term next month to 24years 11 months returning to normal payments...
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