Underpaying your mortgage
If you've built up an overpayment reserve on your mortgage, you could reduce your future monthly mortgage payments by underpaying.
What to expect when you underpay
Any overpayments you make within your mortgage’s overpayment allowance will contribute to and build up an overpayment reserve.
You can choose to underpay on future monthly mortgage payments until your overpayment reserve is empty.
You will still have interest added to your mortgage throughout this period, even while your payments are reduced.
Near the end of the underpayment period your monthly payments will be reviewed. And they may increase as a result.
We’ll write and tell you what your new monthly payment will be.
How to make an underpayment on your mortgage
Over the phone
To underpay your mortgage using your overpayment allowance, give us a call:
Monday to Friday, 8am to 6pm.
Saturday 9am to 2pm.
Closed Sundays and bank holidays.
Information:
Underpayments are not subject to affordability or eligibility checks.