Here in The Netherlands we have an association that aims to protect and advise home owners. We’re members of the club.
I phoned them about their view on extra mortgage payments on our type of (savings) mortgage. And what do you know? They’re AGAINST the idea!!! Dutch readers of the blog can read it here.
They think that removing this restriction will cause weaker groups to change their mortgage in a way that’s not good for them. And there are a number of other bogus arguments.
So, for once, many politicians have had a great idea and would like people to make extra mortgage payments…but this association is against that?! Well, politicians never listen to advice…right?! Fingers crossed.