The power of overpayments

For most of us, a mortgage is the biggest financial commitment we’ll ever take on.

And because of the way interest is calculated (usually on a daily basis and over such a long time), homeowners can end up paying back tens of thousands of pounds on top of the original amount borrowed.

The only proven way to minimise the impact of this is by making overpayments.

Every time you make an overpayment, the payment is reflected in your balance almost immediately and this stops interest continuously building up on the amount.

In other words, every £1 overpaid on your mortgage can be worth significantly more because of this multiplying effect.

We'll help you utilise the power of overpayments through our rewards scheme, and by giving you access to personalised overpayment tools and calculators.