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Mortgage overpayment credit

larko · 2020-09-19 17:55:09

Hi. We have been overpaying our PTSB tracker mortgage for the past 2 years. 30k is being held in a prepaid part of the mortgage account. If we want to put if off the mortgage we have to request (sign a form) to have it deducted. Something has come up and we need 15k and I was wondering is that money accessible for us to…

19-09-2020 6:55pm

#1

larko

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Join Date: December 2007

Posts: 133

Hi. We have been overpaying our PTSB tracker mortgage for the past 2 years. 30k is being held in a prepaid part of the mortgage account. If we want to put if off the mortgage we have to request (sign a form) to have it deducted.

Something has come up and we need 15k and I was wondering is that money accessible for us to take out, does anyone know? I don't trust asking PTSB as they want the tracker paid off asap. Thanks

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#2 19-09-2020 9:48pm

Sunrise_Sunset

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Join Date: January 2019

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Unfortunately, it's not accessible. You might be able to ask them for an exception.
Essentially it's viewed as being paid off the mortgage and the interest they charge takes overpayments into account for this. This is what they told me anyway.

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