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 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