Santander mortgage overpayment

pepper33

Does anyone know how you overpay your mortgage, as I might be able to pay different amounts each month. It is to shorten the term of the mortgage. thanks in advance.

Landofwood

Best to check your arrangement with Santander

anna42hmr

it depends on the mortgage type, see the over payments section of this link

http://www.santander.co.uk/uk/mortgages/changes-to-your-existing-mortgage


How do I do this?
If you’d like to make a capital repayment on a fixed, tracker or Standard Variable Rate mortgage, please visit a branch and make the payment by cash or cheque. Alternatively call us on 0845 600 3530 to find out the other payment options available.
If you would like to make an overpayment on a Flexible Offset mortgage, simply use Online Banking or call us on 0845 600 3530. Lines are open 8am to 7pm Monday to Friday and 8am to 1pm Saturday.

jozxyqk

I make occasional overpayments. The payments can also be made via online banking - but please check with Santander which account number, sort code and reference to use.

Once a payment has gone through you need to phone them on 0845 600 0346, options 4 then 2, to apply it as a capital overpayment. They give the option to shorten the term or reduce the monthly payment. If you don't do this it is likely that they'll simply reduce your dd for the next month.

pepper33

Thanks for that