With our fixed rate mortgages, you can make additional mortgage repayments up to the value of 10% of your mortgage balance each year whilst you are within your deal period, without incurring any early repayment charges. If you exceed your annual overpayment allowance, an early repayment charge will be charged on the amount you have repaid above the 10% allowance. At the end of the fixed rate period, you are able to make unlimited overpayments.
If you are on a tracker rate mortgage or the standard variable rate, you can make overpayments at any time without incurring any early repayment charges.
How much could I save?
Our mortgage overpayment calculator provides an indication of how much interest and time you could save in paying off your capital repayment mortgage, by making regular monthly overpayments.
Warning – the information provided by this tool is for illustrative purposes only and is not a precise calculation. Please note that the calculator assumes that overpayments are made within the annual overpayments allowance and does not include any early repayment charges.
This information does not include all of the details that you need to select a mortgage or compare mortgages. Make sure you read the separate Mortgage Illustration (ESIS - European Standardised Information Sheet), you can get one of these by calling us on 0800 923 1536.
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