Repay early by increasing your payments! (Nationwide Building Society)

Member Name: Botmission

Product:	Nationwide Building Society
Date:	09/01/01 (174 review reads)
Rating:

Advantages: No penalties

Disadvantages: It's a debt!

I've always had a repayment mortgage. I was lucky enough not to be talked into an endowment mortgage, as I always thought that because as there was no guarantee of the endowment paying off what I owed, it was a bit risky. "Oh no sir, no chance of that".
Better still, I took my repayment mortgage out with the Nationwide. Better because they have remained mutual, and so have had lower interest rates than most of the others, and better still because I have been fortunate enough to pay large sums off of it, with no penalty. I will soon have paid off my mortgage. If I have another, it will be a repayment, and it may well be with the Nationwide, as long as they remain a building society that is.

Summary: