If you don’t use your full 10% allowance, you won’t be able to carry it over into future years. If you’re redeeming your mortgage (repaying everything you owe), or transferring to a new deal where you must pay an early repayment charge, you won’t be able to use the 10% allowance. Please take a look at our mortgage overpayments page or our paying off your mortgage early page to learn more. If you're on a fixed rate mortgage, you can overpay up to 10% of your outstanding balance each calendar year (January to December). If you're on our Follow-on Rate, Standard Variable Rate or a tracker rate mortgage, you can make unlimited overpayments with no early repayment charge. Savings are rounded down to the nearest pound and year.The results are based on a repayment mortgage.The interest rate will remain the same for the term of the mortgage.The results displayed are based on the information you have entered.To illustrate savings, we’ve made the following assumptions: Please note the calculator does not factor in any early repayment charges. It's intended to give you information and guidance about potential interest savings, term reductions and monthly payment reductions.
It does not provide a precise calculation. This calculator is for illustrative purposes only. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Savings Compare all savings and ISAs Saving vs investing.More about contents for renters insurance.Everyday No Balance Transfer Fee Credit Card.Depending on the price bracket that the property falls in, the percentage can vary: Up to £250,000. Everyday Long Term Balance Transfer Credit Card A unique aspect of mortgages in the UK is stamp duty, which is a tax that is charged as a percentage of the purchase price when a property is bought.Where can I get Santander Edge cashback.Current accounts View all current accounts Compare our current accounts.