Overpayment - Mortgages

See how much you could save Mortgage overpayment calculator

Our simple calculator below will give you an indication of how much interest you could save or how much sooner you could pay off your mortgage by making extra payments.

Is there a limit to how much I can overpay?

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.

Read this Important Information about our mortgages

There are a couple of different options you have when making an overpayment - it's important you understand them so you can decide which option is the best one for you.

Making a regular monthly overpayment:

This is an additional monthly payment made on top of what you are obliged to pay each month
You can stop making the overpayments at anytime but you must continue to make your normal mortgage payment as usual

Making a one off lump sum overpayment:

This is an additional payment that you can make at any time

Can I reduce the term of my mortgage?

You can choose to reduce the term of your mortgage - And pay off your mortgage sooner than the agreed end date, or
You can choose to reduce your monthly payment - However you won't pay off your mortgage any earlier than the agreed end date

Select an option to see how you could save:

Pay your mortgage off earlier Reduce your monthly payments

Enter your mortgage details below to see how much you could save.

Paying a lump sum is a way to lower your monthly payments.

Home

Mortgage Balance*

Time Remaining (Years, Months)*

Current Interest Rate %*

Extra monthly payment

and/or

Lump sum payment

Calculate Savings

If you would like to view a graph with details of your overpayment illustration then please turn java scripts on or download the latest browser.

Your current monthly repayment is

New monthly payment

Amount saved each month

Potential mortgage reduction

Total amount of interest you could save

Recalculate

Important Information

This calculator is for illustrative purposes only. It does not provide a precise calculation of the time or interest you could save, but is intended to give you information and guidance about the potential savings.

This calculator does not include all of the information that you need to select or compare mortgages. Please request a Mortgage Illustration.

We’ve made a few assumptions:

The amount you currently pay is based on the information you have entered
The interest rate will remain the same for the term of the mortgage
Months are of 12 equal lengths so the monthly interest will not differ
Regular overpayments are made for the full mortgage term and remain constant throughout the mortgage term
Repayment amounts, the potential reduction in time to repay your mortgage, interest saved are rounded up or down accordingly for display purposes
The calculator does not factor in any charges for early repayments and is based on a capital repayment mortgage.

Incomplete information To calculate your savings, additional information is required

Pay It Off Earlier - Either Lump sum or Extra monthly payment is required

Reduce Your Monthly Payment - Lump sum payment is required

Your overpayment exceeds your current balance

Add your signposting title here… Common questions

How do I make an overpayment on my mortgage?

How do I make an overpayment on my mortgage?

If you wish to make an overpayment please call our team on the number below. Please have your mortgage account number ready.

Phone: 0345 300 6086

Opening hours:
Mon-Fri 9am-6pm
Sat-Sun Closed
Excluding public holidays
Calls may be recorded
Calls cost up to 10p per minute plus up to 16p connection charge from BT lines
Calls from other networks may vary
How much can I overpay on my mortgage?

How much can I overpay on my mortgage?

If you are on a tracker rate or fixed rate, overpaying more than £1,000 of your outstanding balance in any one year may trigger an early repayment charge. If you are considering overpaying by more than £1,000 in any one year please call us.

If you are on a flexible variable rate mortgage or on our standard variable rate, there are no early repayment charges.

If you wish to make an overpayment please call our team on the number below. Please have your mortgage account number ready.

Phone: 0345 300 6086

Opening hours:
Mon-Fri 9am-5pm
Sat-Sun Closed
Excluding public holidays
Calls may be recorded
Calls cost up to 10p per minute plus up to 16p connection charge from BT lines
Calls from other networks may vary
How will we apply overpayments to your sub account?

How will we apply overpayments to your sub account?

You can choose how you would like your overpayment to be split between your sub accounts.

If you wish to make an overpayment please call our team on the number below. Please have your mortgage account number ready.

Phone: 0345 300 6086

Opening hours:
Mon-Fri 9am-5pm
Sat-Sun Closed
Excluding public holidays
Calls may be recorded
Calls cost up to 10p per minute plus up to 16p connection charge from BT lines
Calls from other networks may vary

Mortgages Ready to make an overpayment?

Talk to us

Making an overpayment on you mortgage

If you wish to make an overpayment please call our team on the number below.

Please have your mortgage account number ready.

Phone: 0345 300 6086

Opening hours:

Mon-Fri 8am-6pm, Sat 9am-4pm, Sun Closed.
Excluding public holidays.

Calls may be recorded
Calls cost up to 10p per minute plus up to 16p connection charge from BT lines
Calls from other networks may vary

Read this Important Information
about our mortgages

Overpayment - Mortgages | Ulster Bank