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mortgage payment options

mikehammer67 · 2013-01-15 11:57:37

hi i've a small mortgage and repayments are 290 a month can i lodge money weekly or monthly to cover the mortgage or do i have to use a feeder account thanks

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15-01-2013 12:57pm

#1

mikehammer67

Closed Accounts Posts: 699 ✭✭✭

Join Date: November 2011

Posts: 660

hi
i've a small mortgage and repayments are 290 a month

can i lodge money weekly or monthly to cover the mortgage or do i have to use a feeder account

thanks

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#2 15-01-2013 6:50pm
Liam D Ferguson

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Join Date: September 2006

Posts: 532

Depends on the lender - some will accomodate weekly repayments; others won't. You'd have to ask them.

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#3 15-01-2013 7:40pm
mikehammer67

Closed Accounts Posts: 699 ✭✭✭

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thanks it's aib
are they flexible that way?

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#4 15-01-2013 10:31pm
themoneyguy

Registered Users Posts: 75 ✭✭

Join Date: November 2009

Posts: 54

Just send in a letter saying you wish to pay by standing order and then lodge in money before your repayment date. Once enough is lodged before rep date you will be ok but if you get the amount wrong and dont cover the total repayment you could slip into arrears very easily.

In summary it isnt a prob, you just have to be aware of how much you are lodging

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#5 16-01-2013 1:14pm
mikehammer67

Closed Accounts Posts: 699 ✭✭✭

Join Date: November 2011

Posts: 660

thanks
i spoke to aib
they can arrange weekly payments at PO using a personalised mortgage lodgement book

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