Owning your own home

Nationwide only limit overpayments to £500 during the initial mortgage term. Once you move to their standard variable rate, after 5 years fixed, you will be able to overpay unlimited. There's probably a penalty for early get out.

Thanks Hippy good to know.

I hardly think we'll hit the £500 but you never know!!

Amazing that even if you over pay by £50 a month I'd shave almost 5 years off my mortgage!! Which then takes it down to the 25 year term anyway.

Edit - Anyway I'm off to the bank shortly to get all this sorted. Then it's on with surveys and what not.