Newsgroups: uk.finance
Subject: Re: Calculation possible?
From: alan.frame@acm.org (Alan Frame)
Date: Wed, 7 Jun 2006 21:29:12 +0100

Ronald Raygun  wrote:
[]
> What, according to the rules, happens when your overpayments are too
> high?  If they bring it to your attention, it won't matter if you've
> forgotten.

Hassle them to find out the *exact* rules, including when they calculate
interest - I once persuaded a bank that paying 3-months mortgage in
advance (they calculated interest on the average monthly balance and
applied it quarterly) on /just/ the right date each quarter *did not*
count as an overpayment.

rgds, Alan
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