Overpaying mortgage then switching after 1 year

Davie12

Registered User
Messages
3
Hi

I am a couple of months away from drawing down a variable mortgage with EBS.

mortgage = 260 have to borrow 70% exactly of purchase price to avail of government help to buy

I'm planning on overpaying the mortgage by 10000 in the first year to reduce monthly repayments and then switching to another provide hopefully with a lower interest rate.

When moving to a new mortgage provider how is this assessed. Is it just like a brand new mortgage. I guess over paying a mortgage is more of a long term with one provider so as you can revert to back to previous monthly payments if needed down the road.
 
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