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Set up a regular overpayment

A regular overpayment is where you choose to pay more each month than your required monthly payment amount.

  • Regular overpayments will reduce your mortgage balance and it will save you interest
  • Make overpayments to your mortgage at any time
  • Easy to set up a direct debit to make regular extra overpayments by signing in to Online Banking.

How to set up a regular overpayment

How much could you save?

Sign in to your Online Banking account and use our overpayment calculator to get a personalised view of how much you could save by overpaying on your mortgage. Simply sign in and select the ‘Overpayment’ button.

Get a personalised calculation


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.

 

Things you need to know about overpayments

  • 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 make 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.

    More about sub-accounts

How to set up a regular overpayment

By Direct Debit

If you already pay by Direct Debit and you're registered for Online Banking, it's quick and easy to set up a regular overpayment online.

You'll need to use a desktop or laptop computer to set up a regular Direct Debit overpayment.

Sign in to Online Banking

Not registered? No problem. Register for Online Banking.

By standing order

You can also set up regular overpayments by standing order from any bank using:

  • Sort code 30-00-00
  • Account number 00332275
  • 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.

Speak to us

If 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.

  • You’ll need 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.
  • We can only take debit card payments from customers named on the mortgage. We don't accept credit cards or debit Mastercards (cards beginning with a 5).

You could lose your home if you don’t keep up your mortgage repayments