If you're looking to reduce your monthly payments or pay your mortgage off sooner, making an overpayment to your mortgage may help you do this.
How to make an overpayment
Use Online Banking to make an overpayment when it suits you. Log on and select your mortgage account and then 'Manage my mortgage'.
Call us on 0800 783 9738. Our lines are open from 8am to 7pm Monday to Friday and 9am to 2pm Saturday.
This calculator is for illustrative purposes only.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
This calculator is for illustrative purposes only. It does not provide a precise calculation. It's intended to give you information and guidance about potential interest savings, term reductions and monthly payment reductions. Please note the calculator does not factor in any early repayment charges.
To illustrate savings, we’ve made the following assumptions:
- The results displayed are based on the information you have entered
- The interest rate will remain the same for the term of the mortgage
- The results are based on a repayment mortgage
- Savings are rounded down to the nearest pound and year
If you're on our Follow-on Rate, Standard Variable Rate or a tracker rate mortgage, you can make unlimited overpayments with no early repayment charge. If you're on a fixed rate mortgage, you can overpay up to 10% of your outstanding balance each calendar year (January to December). If you don’t use your full 10% allowance, you won’t be able to carry it over into future years. If you’re redeeming your mortgage (repaying everything you owe), or transferring to a new deal where you must pay an early repayment charge, you won’t be able to use the 10% allowance. Please take a look at the Making overpayments information to learn more.