Wiresandmore
Registered User
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Hi
We are on an UB fixed rate of 2.5% through to Sept 2023. Outstanding balance is circa 470K.
We may be in a position to over-pay in the next year or so. How does UB calculate the 10% overpayment? Is it 10% of the balance at the time or is it 10% of the original balance when the mortgage was set up (it was 550K at drawdown).
Thanks
We are on an UB fixed rate of 2.5% through to Sept 2023. Outstanding balance is circa 470K.
We may be in a position to over-pay in the next year or so. How does UB calculate the 10% overpayment? Is it 10% of the balance at the time or is it 10% of the original balance when the mortgage was set up (it was 550K at drawdown).
Thanks