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Overpayments and paying off your mortgage

Can I make overpayments?

If you find you have some spare cash, you can save yourself money in interest over your mortgage term by making overpayments. You can overpay by up to 10% of the previous year end balance of your mortgage each year, with no early repayment charges, depending on the terms of your offer of advance.

Overpayments of up to £499.99 will be applied to your mortgage account on the day of receipt. This will reduce your balance and we will recalculate your interest in line with your account terms and conditions, your monthly repayments will remain the same. However, if you overpay by more than £500 then you will also have the option to have your monthly repayment or mortgage term recalculated.

Please advise us if you would like your monthly repayment or mortgage term to be re-calcuated.

Can I repay my mortgage early?

  • If you want to pay off your mortgage early, please contact us on 0845 121 7901
  • for an up to date redemption* figure that will include any Early Repayment Charges*, Discharge Fees* and Deeds Release Fees applicable. Please note: The redemption figure can change on a daily basis.
  • On the specified day, please send the funds via electronic transfer (Chaps) to: National Westminster Bank, Leek: Sort Code 01-05-02, Account Number 23531800.
  • Your mortgage account number must be the first piece of information to be quoted in the payment details field on the Chaps advice. It can be found at the top of your mortgage statement, or any mortgage-related letter. Please note: If the mortgage account number is not quoted, the funds will be returned. This will delay redemption and will result in additional interest charges.
  • Alternatively, you can repay your mortgage by cheque. Please make the cheque payable to: Britannia re Customer’s name or mortgage account number.
  • Please allow sufficient time for the payment to reach your mortgage account.

*For an explanation of terms, please see our glossary this link will open the page over the top of your current page.

Get in touch

If your mortgage is with Britannia and you have a query about it, please call us on 0845 121 7901.

If you wish to talk about moving your mortgage to Britannia, please call us on 0800 526 350.


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www.britannia.co.uk