Mortgage repayment and negotiating new deal after end of fixed 2 years term

[LindaMum]

Hello All,
I'm planning to go for initial 2 years fixed term and SVR after that. After the end of 2 years I want to make one off repayment (around 50%) but without any charges and I want to negotiate deal with current mortgage provider or shop around.

I'm aware that most provider will allow 10% repayment per year without any charges and have read various tutorials but couldn't find any definite answer for repayment thingy.

Can anyone tell if this will work out and will not cost me a fortune?

P.S. It's Sunday so can't speak to any lender atm.

Thanks

At the end of your fixed deal you can overpay whatever you like when moving to new deal

After the initial product ends you can pay off as much as you like while you are on SVR, or you can change to another product at that time with no ERC to make large overpayments

I don’t think you “negotiate” deals with lenders. They have their offers, you choose the one you’d like and meet the criteria for (e.g. LTV) and apply.

As others have said, you just pay off your 50% at the end of the 2 years - leaving you able to switch to a much more favourable LTV interest rate.