Home About Us Add Your Site Tips 'n' Tricks News Disclaimer Contact Us  

Early Repayment

'Overpayment' is when a mortgage is repaid earlier than the end of the previously agreed term. With different policies overpayment has different consequences; some policies, such as flexible mortgages, are very amenable to this, whereas others may enforce a penalty or charge, especially with tie in periods for fixed rate or discount rate products. This can be as much as six months interest so read the small print carefully for any early mortgage repayment charges that will apply.

Mortgage lenders are becoming more flexible, even with mortgage products that tie you to a lender for a set period of time; many will now allow you to pay a 5% lump sum off your mortgage each year without incurring any penalties.



UK REVIEWS
The One Account
Nationwide
Active Securities
Mortgage Meadow
APS Mortgages

UK Car Insurance
Compare UK Car Insurance with CompareInsurers.com

Helpful Information
About UK Mortgages Types of Mortgages Interest Rates Mortgage Protection UK Fees and Costs Early Repayment Remortgages UK Commercial Mortgages UK Check Credit

More reviews
Halifax, Cheltenham and Gloucester, Egg, Birmingham Midshires, HSBC, Security First, British Insurance, UK Mortgage Protection Insurance, UK Income Protection Insurance, First Active, MoneySupermarket, Charcolonline, Diamond Lifestyle ,

Car insurance reviews
Tesco Car Insurance , Elephant Car Insurance , Aviva Car Insurance , Direct Line Car Insurance , More Reviews, Esure Car Insurance, Budget Car Insurance, Admiral Car Insurance

Loans reviews
Tesco Loans , Virgin Money Loans , Abbey National Loans, Direct Line Loans, Alliance & Leicester Loans, AA Loans

Mortgages reviews
Nationwide Mortgages, Moneysupermarket Mortgages, The One Account Mortgage, HSBC Mortgages

Life cover reviews
Direct Line Life Insurance, Rebroke Life Insurance, Marks and Spencer Life Insurance

Other directories
PetInsuranceDirectory, InvestmentDirectory, CreditCardsDirectory, LoansDirectory, PensionsDirectory, LifeInsuranceDirectory, HomeInsuranceDirectory, TravelInsuranceDirectory, MortgagesDirectory

Other resources
GBinsure, Quote Select