Depending on your mortgage product, 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 on Skipton Online, or refer to the details in your mortgage offer.
If you are making lump sum overpayments, these may trigger a recalculation of your monthly repayment amount.
Debit card lump sum payment
You can make a lump sum card payment by calling us on 0345 850 1711.
It is possible to make a bank transfer for an overpayment using the details below:
- Account holder name: Your full name
- 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.
Standing Order overpayments
If you would like to make regular overpayments by standing order then call us on 0345 850 1711 to discuss.
Overpayment from a Skipton Savings Account
If you would like to make a lump sum payment or set up regular overpayments from a Skipton Savings Account in your name, you can do this by logging onto Skipton Online or calling us on 0345 850 1711.
If you are using Skipton Online, please call us or check your mortgage offer to ensure any payments do not exceed any overpayment allowance you may have.