Mortgage overpayment calculator

This is an additional payment made on top of your usual monthly payment 

This overpayment is flexible and you can choose to make it, or not make it, at any time you want. However, you must still continue to make your normal mortgage payment in full each month.

A monthly overpayment will reduce the amount you owe us, which could help you to pay less each month

These are additional payments that you can make at any time and are not linked to your monthly payment. These payments will reduce the balance of your mortgage, which could help you to pay less each month

If you make a lump sum overpayment, we may recalculate your contractual monthly payment to reflect the lower balance. If we do reduce your monthly payments, the term of your mortgage will stay the same and you will pay off your mortgage in the same amount of time.

If you would like to pay off your mortgage sooner than planned, please contact us on 0345 300 6086, Relay UK -  18001 0345 300 6086. Open Monday to Friday 8am - 8pm, Saturday 9am - 4pm (excluding public holidays). Calls may be recorded.

You can choose to reduce the term of your mortgage and pay off your mortgage sooner than the agreed end date. 

Alternatively you can choose to reduce your monthly payment - However you won't pay off your mortgage any earlier than the agreed end date.

If you are on standard variable rate, a flexible variable rate or a tracker rate there is no limit on the amount you can overpay.

If you are on a fixed rate an early repayment charge is due if you repay all or part of your mortgage before the end of the set fixed period. The charge is 3% of the amount repaid, however you can make an overpayment of up to £1,000 each year without any penalty.