Hi all, please assist me if you can and thanks in advance for any help.
I made maximum overpayment to UB allowable for 2020 at start of March reducing term with the payment. I forgot to ask and hence this question if my repayments stay same for rest of the year am I technically overpaying the 10% as the max allowance was reached at point of payment so by in theory overpaying on the new balance for remaining year or does my mortgage get reduced for remainder of 2020 to not allow any further overpayment.Do UB factor this into my allowable overpayment for the year. Thanks in advance.
I made maximum overpayment to UB allowable for 2020 at start of March reducing term with the payment. I forgot to ask and hence this question if my repayments stay same for rest of the year am I technically overpaying the 10% as the max allowance was reached at point of payment so by in theory overpaying on the new balance for remaining year or does my mortgage get reduced for remainder of 2020 to not allow any further overpayment.Do UB factor this into my allowable overpayment for the year. Thanks in advance.