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How do I make an overpayment on my mortgage?

How do I make an overpayment on my mortgage?

Overpayments are additional payments that you can make over and above your monthly payment.

There are two ways to make an overpayment to your mortgage, either by making a lump sum payment or by making regular extra monthly overpayments.

You can use 'Manage your Mortgage’ to make a lump sum overpayment. You can find it in the RBS app or Digital Banking. If you haven't used them yet, here's some guidance (opens in a new window) on how to access them. It doesn't matter whether you have other RBS accounts or just a mortgage.

If an app isn't for you, you can also use Manage Your Mortgage (opens in a new window).

When you use this service, you’ll see all the information you need, including your remaining annual allowance if you have a fixed interest rate. If you make a lump sum overpayment, we may recalculate your contractual monthly payment to reflect the reduced balance. If we do reduce your monthly payments, the term of your mortgage will stay the same and you will pay off your mortgage in the same amount of time. You’ll see any impact on your monthly payments before you agree to make a payment.

If you would prefer to pay your mortgage off sooner than planned by making an application to reduce the term, please call us and we can take you through the process.

Phone Number: 0345 721 2600
Next Generation Text Service: 18001 0345 721 2600
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