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.
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.