Glossary - Understanding Industry Terms
What does overpayment mean?
These are extra payments made on top of your regular monthly installments. These additional payments can be either regular, such as monthly contributions, or occasional, like one-time lump sum payments.
What questions do our mortgage advisors get asked about this topic?
Over the years, our Devon mortgage advisors have been asked many questions about overpayments which include:
What are the rules on mortgage overpayment?
Is it a good idea to make overpayments on your mortgage?
Is it better to overpay mortgage monthly or in a lump sum?
If you have a particular question about overpayments, please don't hesitate to get in touch with our mortgage advisors.
Trusted by thousands of customers across Devon
Since the mid 90s, our mortgage advisors have provided sound and honest advice for thousands of customers across the South West. They trust in our mortgage advisors because they are competent, experienced and knowledgeable.
Our mortgage advisors have helped customers across Devon in areas such as Southernhay, Ottery St Mary, Exeter, Exmouth, Newton Abbot, Tiverton, Sidmouth, Crediton, Cranbrook and Cullompton to name but a few. If you would like to arrange a visit with one of our mortgage advisors, please give our Devon team a call.
About Beerstone
Beerstone Financial Services was established in 1996 by Chris Beer, our Founding Director, who still plays a key role in the company and ensures we maintain the best service.
Beerstone Financial Services was established in 1996 by Chris Beer, our Director, who still oversees the company and ensures we maintain the best service.
In total we have over 30 years of experience in financial services working in a range of environments so you can be sure that your situation is in experienced hands.
Speak to our team
Visit our offices: 2 Southernhay West, Exeter, EX1 1JG
Beerstone Financial Services Ltd (542704) is an Appointed Representative of BrokerSync Ltd, which is authorised and regulated by the Financial Conduct Authority (1031981).
There may be a fee for Mortgage Advice. The precise amount will depend upon your circumstances and will be agreed upon following your initial meeting.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. Beerstone Financial Services Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. ABC Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Conveyancing, Wills, and some forms of Buy-to-let Mortgages and Commercial Mortgages are not regulated by the Financial Conduct Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured against it.'