Bank of England Base Rate update

If your Base Rate Tracker was taken out with Skipton Building Society, the new rate will take effect from 17 August 2023.

If your Base Rate Tracker was originally from Scarborough Building Society, the new rate will take effect from 10 August 2023.

If your Base Rate Tracker was originally from Amber Homeloans or North Yorkshire Mortgages, the new rate will take effect from 3 August 2023.

Your monthly payment will change from 1 September 2023.

Yes - we'll send you a letter within 14 days from 3 August 2023 which will include all details you need.

If you have a deal with no Early Repayment Charges (ERCs)

You can switch your product at any time. You can contact our team on 0345 850 1755 to discuss this further.

If you have a deal with ERCs

You may wish to seek advice as to whether paying these is the best option for you. Call us on 0345 850 1755 to discuss this further.

If you have a deal that's coming to an end

We'll contact you six months before, telling you about your options and how to switch your deal if you want to.

If we don't hear from you, we'll send you another reminder six weeks before your current deal ends to remind you of your options for switching.

Depending on your mortgage type, there may be restrictions on the maximum amount you can overpay, either by regular overpayments or as a lump sum, in one year without incurring an Early Repayment Charge. You can usually repay a fixed percentage of your original mortgage balance per year without charge. For more details, see your mortgage account summary in the Skipton app or in Skipton Online, or refer to details in your mortgage offer.

Making a lump sum overpayment may lower the amount of interest you pay each month and may trigger a recalculation of your monthly repayment amount to reflect this. Some lump sum overpayments may incur an Early Repayment Charge. Please refer to your mortgage offer.

Debit card lump sum payment

You can make a lump sum card payment by call us on 0345 850 1711.

Bank transfer

It is possible to make a bank transfer for an overpayment using the details below:

Sort code - 20-78-91
Account number - 70798924
Reference - Your 9 digit mortgage account number

Please note, if you don’t enter your 9 digit mortgage account number as the reference, the payment will be returned.

Regular Direct Debit overpayment

If you would like to regularly overpay, we can arrange to increase your Direct Debit amount. Simply call us on 0345 850 1711, speak to us on web chat or send us a Secure Message.

Just let us know how much you would like to pay each month and when you'd like this to take place. We can then arrange for the payment to be increased.

Other ways to make regular overpayments

If you would like to make regular overpayments by standing order or debit card payment then call us on 0345 850 1711 to discuss.