Free Calculator
Overpayment Calculator
See how much interest you could save and how many years you could cut off your mortgage by making regular overpayments.
Could you save more by remortgaging?
Switching to a lower rate could save you even more than overpaying. Let us check for you.
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
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