Anyone have a mortgage with uncapped free overpayments?

[ToofFairy]

Our mortgage is up in the summer.

I am thinking about finding a fixed term deal for 5 or 10 years. I would really like to be able to overpay by more than 10% without being charged. Does anyone's mortgage allow this?

I do intend to also talk to a mortgage provider.

First direct do

First direct.

We owe £2k until April 2023 Fixed term, in the next few weeks I am going to clear it down so we owe £1 a mnth for the last year.

No penalties.

Thank you both.

YBS. 5yr fix 50% overpayment per year

We have a fixed with Barclays and as long as you never make a payment that is more than three times your ordinary payment you can do this as often as you want so can pay quite a bit extra this way without being charged

Thanks for the responses I will check this all out.

YBS offset mortgage - we make adhoc overpayments (and I believe these are unlimited) as well as having increased our direct debit to reduce the term. We also save into the offset account to reduce our mortgage term.

Our First Direct offset one did.

I have one Rayyan bank. Can pay off the whole lot of you wanted

@ToofFairy

Our mortgage is up in the summer.

I am thinking about finding a fixed term deal for 5 or 10 years. I would really like to be able to overpay by more than 10% without being charged. Does anyone's mortgage allow this?

I do intend to also talk to a mortgage provider.

We took out a 5 year fixed with no early repayment penalties with Coventry about 2 years ago

Mine (Santander) is the more usual only 10% a year paid back in the 5 year fix period (rate is 1.4%) but I have still made an over payment over that as if you work out the interest rate on that sum over 4 years = 1.4 x 4 = 5.6% paying back when I did was still cheaper than not paying it back as the money was otherwise not earning me interest and I just wanted to pay it back. The closer to get to the end of the 5 years however those sums change.

We got one with Nationwide a couple of years ago.

Ours is first direct offset, we’ve had it while though, no idea if still available