Set up a regular overpayment

We offer different types of mortgages with different rates. With some of these there may be a charge if you repay all or part of your mortgage within a certain period of time - we call these early repayment charges.

Your offer letter gives details of any early repayment charges (ERC) that apply to you.

If an ERC is payable, we will deduct it from the amount of your overpayment.

If an early repayment charge doesn’t apply then you can overpay as much as you like (without paying off your mortgage in full) without being charged.

You can check which type of mortgage you have within Online Banking or our Mobile Banking app.

At the moment we allow you to overpay up to 10% of the amount you owed at the 1st January within that calendar year, without having to pay an early repayment charge.

For example, If your mortgage balance was £100,000 on the 1st January, you could over pay £10,000 (i.e. 10% of £100,000) that year without being charged any fees.

If the total amount you overpay during the year goes above 10%, we’ll only charge you an early repayment charge on the amount you overpay above 10%.

Some of our mortgages allow you to overpay up to 10% of the amount you owed at the 1st January within that calendar year, without having to pay an early repayment charge.

For example, If your mortgage balance was £100,000 on the 1st January, you could over pay £10,000 that year without being charged any fees.

You can check what your balance was on the 1st January within Online Banking or our Mobile Banking app.

Keep in mind that if you make any overpayments during the year, these will count towards our 10% early repayment charge concession.

If an early repayment charge doesn’t apply then you can overpay as much as you like (without paying off your mortgage in full) without being charged.

If you have a Halifax bank account you can make a payment to your mortgage simply and securely within Online Banking or our Mobile Banking app.

If you want to pay from another bank's account then see our how to set up a regular overpayment section.

You can choose a sub-account to overpay within Online Banking or our Mobile Banking app.

If not, then we will apply your extra payment across all parts of your mortgage like your normal monthly payment.

Keep in mind some mortgages have an early repayment charge if you overpay more than 10% of your balance in a calendar year.

You can check your sub-accounts on our Mobile Banking app, Online Banking or on your annual statement.

Information about sub-accounts

Your mortgage may be a combination of different repayment methods with different interest rates over different mortgage terms. If so, your mortgage will be split into multiple parts called sub-accounts. The majority of our customers will have a sub-account 01 which is their main mortgage and a sub-account 99 which holds fees. Some customers may also have a sub-account 98 if they have a mortgage account fee.

Each sub-account has a separate monthly payment that we total before collecting the full amount from you each month. When we receive your total monthly payment, we split it and give each sub-account the amount it needs to ensure you repay your interest charges for that month.

For repayment sub-accounts, each month, your payments go towards reducing the amount you owe as well as paying off the interest. Remember, for interest only sub-accounts the balance doesn't reduce as you're only paying back the interest and it's a requirement that you have a repayment plan in place. Find out more about the different ways of repaying your mortgage.

If you pay more than your monthly payment, we'll put what you pay towards each sub-account in the same proportions that we apply your full monthly payments to those sub-accounts, unless you tell us otherwise.