Overpayment Calculator

Why overpay your mortgage?

Making regular overpayments on your mortgage can save you thousands in interest and help you become mortgage-free years earlier. Even small additional payments each month can make a significant difference over the life of your mortgage. Use our repayment calculator to see a full year-by-year breakdown.

Things to consider

• Most lenders allow you to overpay up to 10% of your outstanding balance per year without penalties
• Check your mortgage terms for any early repayment charges before overpaying
• Consider keeping an emergency fund before committing to regular overpayments
• Overpaying is particularly effective early in the mortgage term when interest charges are highest
• When your deal ends, consider remortgaging to a lower rate for even bigger savings — speak to our team for advice