Paying my mortgage early

We understand your circumstances can change, and you may wish to pay your mortgage early — either in full or by making extra payments. We're here to support your financial goals and offer flexible options to help you do just that.

Can I pay my mortgage early?

Yes, you can pay your mortgage early or make overpayments, but depending on your mortgage product, Early Repayment Charges (ERCs) may apply.

What Are My Early Repayment Options?

1. Make Overpayments

You can make additional lump sum or monthly payments on top of your regular contractual repayment. This can help reduce the term of your mortgage and the total interest you pay.

Benefits of overpaying:

• Pay off your mortgage sooner
• Reduce interest over the term of your loan
• Greater financial flexibility in the long term

Check your mortgage terms — some fixed-rate products have a limit on how much you can overpay each year.

2. Settle the Full Balance Early

If you want to clear your mortgage completely, you'll need to request a mortgage redemption figure — a statement that tells you the total amount needed to fully repay your mortgage. This figure will  include any fees  or outstanding interest due to be repaid.

To request this:

• Contact our Mortgage Team
• Allow a few working days for the figure to be generated
• Be aware of any applicable early repayment fee

How Do I Make an Overpayment?

You can:

• Make a one-off payment via bank transfer
• Set up a regular overpayment that coincides with your monthly Direct Debit
• Contact us to discuss the best method for your account