We calculate the interest on your mortgage daily so all overpayments will reduce the interest you pay the following day.
For overpayments of less than £500 per month:
We’ll reduce your minimum monthly payment at the next natural recalculation point, i.e. an interest rate change or annual recalculation.
For single overpayments of £500 or more per month:
We'll automatically reduce your minimum monthly payments the following month. However you can change your preference for this below.