Pay off your mortgage in full
Also called redeeming, you can choose to pay off your mortgage in full before the end of your term. Find out how much you'll need to pay and get a redemption statement.
See how much you'll need to pay
Log in to Mortgage Manager to see how much it will cost to completely pay off your mortgage. This is called your redemption figure.
Your redemption figure is your outstanding mortgage balance plus any charges that apply for paying off your mortgage early.
You can get a figure for any date within the next 3 months.
Get your redemption figure online
Charges for paying off your mortgage early
We may charge an Early Repayment Charge (ERC) and a mortgage exit administration fee.
If one or both of these charges apply, they'll be included in your redemption figure and listed on your redemption statement.
Also keep in mind if you're using a solicitor or conveyancer, they may charge their own fees for the work they do for you.
For a full list of mortgage fees and charges, see our tariff of charges.
Get a mortgage redemption statement
The mortgage redemption statement contains important information about your mortgage and a breakdown of the total amount you'll need to pay.
You can only get a redemption statement by calling us.
If you're re-mortgaging and moving to another provider through a solicitor or conveyancer, they may ask for a redemption statement for you.
Information for lawyers:
If you are a solicitor or conveyancer, please read our information for lawyers page for how you can request a statement.
Call us to get a redemption statement
Have your mortgage account number ready.
Monday to Friday, 8am to 6pm.
Saturday, 9am to 2pm.
Closed Sundays and bank holidays.
What you need to do when paying off your mortgage
When you pay off your mortgage, follow these steps to avoid any issues that could mean additional charges or payments.
Make sure you pay on the date stated
The figure shown on your redemption statement is only valid for the date stated. If we receive your payment after this date, you'll be charged additional interest. This could lead to a shortfall.
The figure will also include any Direct Debits that have been taken within the last 4 working days or that are due to be taken in the next 4 working days.
If you pay by monthly Direct Debit
If you pay monthly by Direct Debit, you don’t need to do anything. We will cancel it after the account is closed. Do not cancel your Direct Debit yourself. Any overpayments will be refunded within 10 working days.
If you pay by standing order
If you pay by standing order, remember you will need to cancel this once your mortgage is paid off in full. Any overpayments will be refunded within 10 working days.
Review any insurance policies you may have
If you have any insurance that is related to your mortgage, check if the policy still suits your needs. We recommend getting advice on making any changes if you need to.
Ways to pay
Once you know how much you need to pay, you can pay off your mortgage online or by cheque.