Payment Holiday Overpayment Calculator

Our calculator will act as a guide to show how overpaying your mortgage can help you get back on track after a payment holiday.

The figures we show you are based on some assumptions, such as you having only one interest rate on your mortgage. There are a number of reasons why you may have more than one interest rate (e.g. additional borrowing), and in such cases you will need to calculate each part of your mortgage separately. Details of our assumptions are shown at the bottom of this page.

You can find out how many interest rates your mortgage has in Online Banking or in your latest mortgage statement from us.

You can find this in Online Banking or our mobile app.
£
This is to pay your mortgage off in full. If you don't know exactly please enter your best guess.
Enter the percentage rate e.g. 3.59
£
£

How overpaying can help

Remember these results are based on what you’ve told us and assume you have one interest rate on your mortgage.

If you enter overpayments which add up to more than your current balance or run longer than the term of your mortgage the calculator will not bring back a correct illustration.

 

Your new monthly payment could be

Before your payment holiday

##prePaymentHolidayPayments##

After your payment holiday

##postPaymentHolidayPayments## (an increase of ##paymentChange##)

After making ##overpaymentDuration## overpayments of ##overpaymentAmount##

##recalculatedRegularOverpaymentAmount##

 

 

Total mortgage balance to pay

These amounts all show your total to pay at the point before you took a payment holiday, adjusted for each scenario.

##tapPreHoliday##

After your payment holiday

##tapPostHolidayNoOverPay## (an increase of ##variance##)

After making ##overpaymentDuration## overpayments of ##overpaymentAmount##

##tapPostHolidayOverpay##

 

These calculations are based on what you’ve told us and are to be used as a guide only.

When you’ve finished overpaying you’ll need to ask us to work out your new amount so that we can reduce your monthly payments.

Make a one-off overpayment

Make an overpayment

  • You start making your overpayments as soon as your payment holiday ends

    You have one rate across your whole mortgage for the whole term

    All years are of equal length

    Interest is calculated monthly

    Estimate of total interest saved is rounded to the nearest £10

    You request a monthly mortgage payment recalculation at the end of your last overpayment