By making the above overpayments monthly you would:
Significant savings can be achieved by making even small overpayments to your mortgage.
By paying down your capital balance sooner, which is the amount that your interest payments are calculated against, reduces your monthly interest liability. This benefit can then be compounded with your regularly monthly payments also paying down more of your capital balance as well.
Use this calculator to see the positive effects on both Mortgage Term and Interest Payments of regular overpayments.
Please Contact Us if you have any questions about this benefit and how to start reducing your mortgage.
Please call us on 01252 403 245, or complete the form here, providing a brief outline of your enquiry and we will reach out to you to arrange a friendly and informal, no obligations consultation to understand your enquiry further.
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