16/06/2026
Did you know that making even small overpayments on a mortgage can make a big difference in the long run?
If a lender allows overpayments, paying a little extra each year can reduce the total interest charged and shorten the overall mortgage term. For example, an additional £50 or £100 a month could save thousands of pounds of interest over the life of the loan.
But it’s important to check the terms first. Some lenders cap the amount you can overpay without penalties, and Early Repayment Charges might apply if you go beyond that allowance.
If you would like to find out more, please send us a message today!
Your home may be repossessed if you do not keep up repayments on your mortgage.