Overpay your mortgage up to 20% fee-free

• This is an additional payment that you can make at any time.
• You can make one-off overpayments as often as you like, but if you exceed your overpayment allowance, you’ll have to pay an Early Repayment Charge (ERC) on the amount over 20%.   
• Your one-off overpayment will always reduce your balance. 
• You may be eligible to use your one-off overpayment to reduce your remaining term, or you could choose to change your monthly contractual payment.  You can view your overpayment choices within ‘Manage your Mortgage’.
• If you want to pay off your mortgage or you have less than £500 remaining, you’ll need to request a redemption statement by logging in to Manage your Mortgage.

• This is a regular payment you make every month on top of your monthly Direct Debit.
• You must continue to make your normal mortgage payment in full each calendar month.
• We won’t cancel your regular overpayments until you tell us to. 
• Your regular overpayment will always reduce your balance, and you may be able to choose to reduce your term.  
• If you choose to recalculate your term, we'll automatically recalculate this the following month.
• Monthly overpayments will reduce your mortgage balance and could help save you interest.
• You can set up, change, or cancel your regular overpayment by logging in to Manage your Mortgage.

• If you’re on a fixed or tracker rate product, you can pay up to 20% of your outstanding balance for each of your sub-accounts before an ERC will apply. If you exceed your allowance, you’ll have to pay an ERC on the amount over 20%. To find out what this means for you, log in to Manage your Mortgage.
• If you’re on our Standard Variable Rate (SVR), there’s no limit to how much you can overpay, and there’s no ERC.

Overpaying your mortgage is offered as an online service. You can make overpayments via Manage your Mortgage. You can select to make a one-off overpayment or set up a regular overpayment. 

When you use this service, you’ll see all the information you need, including your remaining overpayment annual allowance. 

The quickest way to make a one-off overpayment is on Manage your Mortgage, it will only take a few hours for your payment to be applied to your mortgage balance.

One-off overpayment

When you use Manage your Mortgage to make a one-off overpayment you can choose exactly how your payment is applied to your sub accounts. Your balance and your new payment will be updated within a few hours.

Regular overpayments

Setting up a regular overpayment is an online service you can access using Manage your Mortgage you can tell us exactly how much you want to pay toward each of your sub accounts. You can stay in complete control of your regular overpayment using Manage your Mortgage, to set-up, amend or cancel your regular overpayment.

We accept overpayments towards your mortgage through the Sprive application.

There are a few things to consider:

• Your monthly payments will remain unchanged.
• If your mortgage has multiple sub accounts, we’ll always apply your Sprive payments to the first sub account.
• Your mortgage balance is usually updated within five working days of receiving your payment.
• You don’t need any specific details from us. The app will guide you through the next steps.

• If you are on a fixed or tracker rate product, you can pay up to 20% of your outstanding balance each year without incurring an Early Repayment Charge. If you wish to repay more than this, a charge will be incurred. For further details of any charges you may incur, please refer to our Terms & Conditions and your mortgage Offer Letter.
• If you are on a Standard Variable Rate of interest, there is no limit to the amount you can overpay and you will not incur a charge for making any overpayment.

• When making a one off overpayment you may be given the choice to either reduce your regular monthly payments or keep your regular payment the same and reduce your remaining term.
• When making regular overpayments you may be able to choose to reduce your term at the same time.
• For more information about amending your mortgage term, see our Term Amendment page.

Online mortgage are provided by NatWest

NatWest and Royal Bank of Scotland are part of NatWest Group and offer the same mortgage products and rates when you speak with a mortgage professional. If you're confident to choose a mortgage product without advice, online mortgages are available to customers via the NatWest website. 

Want advice about your mortgage? You can make an appointment to speak with a Royal Bank of Scotland mortgages adviser.

To get a mortgage with NatWest, follow these steps:

Step 1: Get an Agreement in principle to find out what we could offer you.

Step 2 Apply online today or contact us if you'd like support.

You’ll be able to overpay by up to 20% of your mortgage balance each year, even on a fixed or tracker deal, if you buy a home or remortgage with both NatWest and Royal Bank of Scotland.