Mortgage over payment question.
22 August 2007, 11:51 AM
#1
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Mortgage over payment question.
I have £132k left on my mortgage, with 18 years left. £53k is on an endowment ( ontrack ) due to finish in 2013, the rest is repayment. If I overpay by £100 per month, how much does that reduce my 18 year term by?
I'm buggered if I can work it out.
Here's hoping.
I'm buggered if I can work it out.
Here's hoping.
22 August 2007, 11:58 AM
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This browser cannot display the calculator.
You need to download the latest Java.
Or try using the old calculator.
Dont you just love office pc lockdowns?
22 August 2007, 01:46 PM
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Depends what you plan to do in 2013. Are you gong to pay off the proceeds of the endowment and then pay a lower monthly premium with overpayment, keep the premium the same including overpayment or keep paying the total mortgage + endowment amount off every month?
22 August 2007, 02:42 PM
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Hi FB. We will keep paying the total mortgage + endowment amount off every month.
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