Hi all,
I have a nationwide mortgage fixed for 5 years on a repayment basis and want to overpay.
I have looked on their website and I can overpay upto £500 without incurring any charges. However, it goes on to say, that it will reduce my repayment next month, which I don't want. I would like to reduce the months left to pay.
Can anyone advise if I can do this? It does mention this on their website, but seems confusing! Which could be something to do with me been halfway down my second glass of Friday night vino :cool:
However I am to impatient to read it again and I am hoping one of the experts on here can confirm.
I have a nationwide mortgage fixed for 5 years on a repayment basis and want to overpay.
I have looked on their website and I can overpay upto £500 without incurring any charges. However, it goes on to say, that it will reduce my repayment next month, which I don't want. I would like to reduce the months left to pay.
Can anyone advise if I can do this? It does mention this on their website, but seems confusing! Which could be something to do with me been halfway down my second glass of Friday night vino :cool:
However I am to impatient to read it again and I am hoping one of the experts on here can confirm.