A guide to your mortgage payment

Understanding your mortgage payment costs


Your mortgage is likely to be the biggest financial commitment of your life, so it’s important that you know the different parts of your mortgage payment as well as the methods you can use to pay your mortgage.

This Mortgage Payment guide includes a breakdown of the elements of your monthly mortgage payment so you know what you’re paying towards as well as information on how to make a payment.

You can also find information on the payment options available to certain customers who want to pay a bit more on their mortgage each month or what to do if you need to take a payment holiday. You can also find out what to do if you are struggling to pay off your mortgage each month.

You should be aware that if you want to pay off your mortgage early, you may be liable for Early Repayment Charges.

What makes up your mortgage payment?

When you repay your mortgage, your payment is made up of the following parts:

The capital

Simply put, this is the amount of money being borrowed from your mortgage provider to purchase a property or to remortgage it. Part of your mortgage payment goes towards the repayment of this amount.

The interest

The interest is the charge made by the lender on the amount you owe. At the start of your mortgage most of your payment will go towards paying the interest. Over time you will start to pay off more of the capital and the balance will reduce quicker.

Additional fees

When you obtain a mortgage there are usually fees and charges that are applied such as application fees or product fees. Some fees must be paid before your application; others can be paid after you’ve made your application. Some fees may be able to be added to the total mortgage loan, this would increase both the loan amount and the amount of interest.

What about Interest Only mortgages?

An Interest Only mortgage is where the payments only go towards repayment of the interest being charged on the mortgage loan and not towards payment of the capital. This means that the capital needs to be repaid at the end of the term. If you are an existing customer with an interest only mortgage our guide page has more information.

Making your mortgage payment

Direct Debit

Most people choose to make payment via a monthly direct debit from their main bank account. This is arranged as part of your application so that it is ready as soon as your mortgage completes.

Payment by debit card

You can call our 24-hour automated line on 0345 1200 200* to make a payment by debit card.


You can pay your mortgage payments by cheque by sending in the post to:

Processing Team
Yorkshire Building Society
Yorkshire House
Yorkshire Drive
West Yorkshire

Over the counter at your bank or building society

You can also make a payment towards your mortgage over the counter at your bank or building society, using the following bank details:

  Sort code   60 – 92 – 04
  Bank account number   The first 8 digits of your YBS mortgage account number
  Reference or roll number   The full 10 digits of your YBS mortgage account number

These details can also be used to arrange payment via Faster Payments, CHAPS or BACS.

Making a lump sum payment

You may make overpayments either as regular additional payments or as lump sums. There may be a maximum amount that you can pay each year without incurring Early Repayment Charges. Please refer to your product factsheet and mortgage offer for full details of overpayment restrictions and Early Repayment Charges. Read more about making overpayments.

You can call our 24-hour automated line to make a mortgage payment by debit card or to speak to us about your payment options:

0345 1200 100*

9am - 5pm Mon-Fri 9am - 1pm Sat

Whatever payment option you choose it’s important to remember that your mortgage is a loan which is secured against your home. This means that as a last resort, we can take action to repossess and sell your home if you do not keep up payments on your mortgage or in the event of any severe breaches of your obligations.

Underpaying or taking a payment holiday

If you would like to take a mortgage payment holiday or pay less for one or more months, you must first make overpayments to your mortgage. Your overpayments will need to be enough to cover the months you want to change your payment for. All of our mortgage deals allow you to overpay up to 10% of your mortgage balance each year. Some products allow more.

If you make a payment in excess of any overpayment limit, the Early Repayment Charge will be calculated on the amount paid over the limit.

Read our guide on making overpayments to find out how you can arrange to make additional payments on top of your standard mortgage payment.

Please note

Underpayments or payment holidays need to be agreed with us in advance. You can ring us on the number below. Be aware that underpaying will increase the amount of interest we charge you. Interest continues to be charged during payment holidays.

Related pages

Call us or book an appointment

Speak to one of our friendly mortgage advisers about your options.

Request an appointment

0345 166 9510*

9am - 5pm Mon-Fri 9am - 1pm Sat