Daily interest is calculated as standard on all our mortgages.
So, each time your client pays off part of their mortgage, whether it's a regular payment or an overpayment, the interest is recalculated the next working day.
This means your client only pays interest on what they owe. It's the fairest way of charging interest and this reduces your client's mortgage balance without the need to wait for the end of the month or even year.
Terms & conditions apply.