A mortgage overpayment means paying a bit extra on top of your usual monthly payment. This can be a regular payment made over the year, or a one-off overpayment. 

Try our overpayment calculator and see how much you could save.

How much can I overpay?

For many of our mortgages you can overpay up to 10% of your mortgage balance each year, without paying any fees. Please check your terms and conditions as some mortgages will let you pay more.

How do I make an overpayment?

You can make a one-off overpayment or increase your regular monthly payment. 

Payments from another bank or building society

To make a payment from another bank or building society, here are the details you'll need:

Our Sort Code: 60 92 04
Account number: the first eight digits of your mortgage account number
Reference or roll number: all 10 digits of your mortgage account number
Payee name: your full name, as it appears on your mortgage account or statement

When you make a payment, if your bank/building society is part of the Confirmation of Payee service, they will tell you that they can't confirm payee details. This is because YBS is not yet part of the service. Please make sure you take extra care when entering your details.

Over the phone

You can use our 24/7 automated telephone service to make an overpayment by debit card. Please have your account number or customer number to hand. 
9am - 5pm Mon-Fri
9am - 1pm Sat

In branch

You can make an overpayment by cash or cheque at your local branch. Use our Branch Finder to find your nearest one. 

If your monthly mortgage payment is paid by direct debit and you manage your account online, you can send us a secure message to change the amount you pay each month. 

If you don't manage your account online, please call our Customer Contact Centre. 

9am - 5pm Mon-Fri
9am - 1pm Sat
This overpayment will continue every month until you tell us to stop or change it. We’ll need at least 3 working days before your payment is due to set up or change a direct debit.

If you make your regular payment by debit card or by cheque, please follow your usual process. 

What are the benefits of overpayments?

  • You can save towards a ‘payment holiday’, which could be useful if you think your financial circumstances might change in the future.
  • By reducing the amount you owe, you'll pay less interest overall.
  • If you're able to make regular overpayments, you could potentially pay off your mortgage sooner.

What should I consider before making an overpayment?

  • Once you've made an overpayment, you can’t take that money back from your mortgage like you could from a savings account, although it may be possible to take a payment holiday in the future. 
  • All of our mortgages let you overpay up to 10% of your mortgage balance each year, and some products allow more. If you go over this limit, you may have to pay an Early Repayment Charge
Please check your product factsheet and mortgage offer for full details of overpayment restrictions and Early Repayment Charges.

How will an overpayment affect my mortgage?

Overpayments reduce your mortgage balance, which means we’ll charge you less interest. We’ll add these to your account as soon as they have cleared, which usually takes up to 2 working days. 

An overpayment won’t automatically cut down the term of your mortgage. At your annual mortgage review, we will lower the amount you have to pay per month in the coming years.

If you'd like to reduce your mortgage term instead, please get in touch. 

9am - 5pm Mon-Fri
9am - 1pm Sat
No, a one off overpayment won't automatically reduce the payment you make each month. Please get in touch to request a recalculation of your mortgage payment. 
9am - 5pm Mon-Fri
9am - 1pm Sat

When you make an overpayment to your mortgage, by default all parts are paid proportionally. So the same percentage of each part will be paid, whatever the size.

If you're making a regular overpayment, please get in touch to let us know which part you'd like the overpayment to be added to. 

9am - 5pm Mon-Fri
9am - 1pm Sat

Can I repay my mortgage early?

If you repay your mortgage early, you may need to pay an Early Repayment Charge. The charges that apply to you will depend on the terms and conditions of your mortgage.

You can find details of charges that apply to your mortgage in your Key Facts document and in your mortgage offer.