Making overpayments

Making overpayments can be a great way to reduce your mortgage balance and the interest you are charged over the term of your mortgage. Even small overpayments can add up and make a big difference to the total amount of interest that you will pay.

While there are clear financial benefits to overpaying your mortgage, you should not overpay more than you can afford. Depending on your mortgage, you may be liable to pay an Early Repayment Charge (ERC) if you make an overpayment.

See how it can help

Use our Overpayments calculator to see the positive effect making overpayments could have on your mortgage. You’ll need to enter your mortgage type, the outstanding balance, current interest rate, remaining term and the amount you think you can afford to overpay.

Please note – the calculator assumes your current interest rate will remain the same over the remaining term of your mortgage. In reality, interest rates could rise and fall and this will affect the amount you overpay.

To start making overpayments now, or for more information, please contact us.

How does it work?

With our flexible mortgages you can make unlimited, penalty free overpayments in the form of a lump sum or a regular overpayment each month, provided that the mortgage is not redeemed in full.

Depending on your mortgage, you may be liable to pay an Early Repayment Charge (ERC) if you make an overpayment.

How much should I overpay?

While there are clear financial benefits to overpaying your mortgage, you should not overpay more than you can afford. Our Overpayments calculator can help you decide what amount is right for you.