A lump sum overpayment is an extra payment made on top of your usual monthly mortgage payment.
Not registered for Online Banking? Register now, It only takes a few minutes. If you're not a Halifax customer, you can use our overpayment calculator to get a rough idea of how much you might save in interest charges.
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 you have taken a Covid-19 related payment holiday and are making an overpayment to get back on track, as a special concession you won’t have to pay an early repayment charge.
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 you have taken a Covid-19 related payment holiday and are making an overpayment to get back on track, as a special concession you won’t have to pay an early repayment charge and it won’t 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 make a lump sum 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.
Call our automated phone line on 0345 727 3747 to make payments up to £5,000. This line is open 24 hours a day, seven days a week.
If you want to pay more or you want to talk to us then call on 0345 122 1439. We're open Mon-Fri: 8am-8pm Sat: 9am-4pm. Otherwise, come and see us in branch.
Make it payable to 'Halifax' followed by your name and Your 14 - digit mortgage account number plus 00 on the end as your reference, making it 16 digits in total. For example, 10************00. If you want to overpay a sub-account, use the two digit sub-account number instead e.g. 10************02.
You can pay your cheque in at your local branch.