SAVE OVER 7 YEARS & £24,000 ON YOUR MORTGAGE *
* Savings based on a 25 years £100,000 repayment loan at a 5.75% interest rate with a 2.75% payment indexation rate.
NO LARGE PAYMENT INCREASES & NO HASSLE
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How Much Can I Save?
Enter your mortgage details in our
Repayment Mortgage
overpayment illustrator. It will show you how quickly our VIP scheme could help you clear your mortgage and how much interest you could save.
We recommend you aim for an annual payment increase of at least 2.75% (which is our current VIP rate - a little below the average level of annual wage rises). A great suggestion is to make this increase at the same time you normally receive your annual pay rise. This way you should not notice a negative effect on your take home pay. Remember that the overpayments are voluntary and can be increased or reduced at any time.
You can include an initial overpayment (if you wish) as this will help to give your plan a great start.
Your Details...
Your Loan Details...
Mortgage amount:
Term Remaining:
years
Interest Rate:
%
Overpayment Options...
Indexation Rate:
%
Initial OverPayment:
(Optional)
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The total savings you achieve can not be guaranteed and may be higher or lower that those quoted in the illustrations. This is due to the variable nature of interest rates, your long term mortgage requirements and most importantly the level of overpayments you actually choose to make over the term.
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