If you make an overpayment of £500 or more, we'll recalculate your monthly payment the following month. For amounts less than £500, your payments will be recalculated at the end of the year.
If you have a capital repayment mortgage, you can choose to keep your payments the same and reduce your mortgage term instead.
We'll automatically reduce your payments so you'll need to let us know if you want future overpayments to reduce your term instead. You can change this preference at any time. You can tell us via the Internet Bank or give us a call on 0800 30 20 11.