Mortgage Overpayments Term ending

[Suzi9989]

After some advice please 🙏🏼
Our fixed rate mortgage is ending in July. We have managed to save a little bit of money. Can anyone tell me the best option for overpayment. I can overpay now ( still within low rate) or wait in-between fixed rate ending and before new deal starts. Say I owe 110k overpay 10k now or pay 10k off at end of fixed term then commit to new deal at 100k.
Then does not mean I risk not securing a deal? 7.99 will be the default

The overpayment will not go over the 10% so will not incur any penalties

Have you already got the new deal secured? You don't need to wait for the old deal to end, you will end up on expensive SVR - basically there doesn't need to be an in between bit.
You can do it when you remortgage, you just say you need £x less mortgage with the new lender and pay using the cash. Best to get a broker involved if you can, there may be money laundering checks etc

I'm not sure I understand everything that you wrote, but generally it just depends on the how much interest you're paying on your mortgage now, and how much you could make in interest from a savings account.

Also take into account the LTV when calculating any additional payments , once you reach 60% the mortgage rate doesn't get any better the lower you go. So look at both if you did overpay and if you didn't what does it do to the LTV and the interest rate and amount to pay back.

Are you able to make penalty free overpayment on your current deal? I can make payments up to 10% of the original loan without penalty each year.

Done similar. If interest is calculated daily best to use the 10k now rather than later. We saved on interest that way.

Pay off before you switch as long as it's allowed then earlier the better.

And yes, as PP said, don't wait for old mortgage to change to SVR, you line up the new deal before. 6 months before deal ending is usually when you can 'lock in' a deal then set completion for when your deal runs out.

Speak to your broker now about getting a new deal lined up to avoid any time on SVR, and make the over payments any time between now and then- check with your lender but they will likely allow up to 10% penalty-free, and more than that just before your fix ends