In order to reduce the term of your mortgage, you first need to ask us.This is for your protection as it enables us to confirm that you can afford to pay a higher amount for the remainder of the shorter term.We can arrange for your monthly payments to be increased by setting up an overpayment (called a Flexible Payment Arrangement) so we collect a higher amount by Direct Debit every month.

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If you currently pay both capital and interest (known as capital repayment), your standard monthly payment is the amount you need to pay each month to cover both the interest that has accrued on the capital balance of your loan and part of the capital.

It is calculated so as to ensure that, if you make all of the required payments in full and on time, your loan will be repaid by the end of the term as shown on your Offer Document.

We want to help you manage your mortgage more effectively.

One way you can do this is to make regular extra payments on top of your standard monthly payment or making lump sum reductions whenever you wish.

By making overpayments you could: If you currently pay interest only, your standard monthly payment will be the amount you need to pay each month to cover the interest that has accrued on the capital balance of your loan.

It is calculated using the capital balance at the end of each day.

If it's less than 10 working days until your next payment, we'll set it up from the following one. Please visit Personal Online Banking for details of your Annual Overpayment Allowance (AOA).

As long as you don't go over your AOA for the year, you won't incur an Early Repayment Charge.

Please call us on 0800 169 633 Option 1 (online applications) or Option 4 (new applications) if you would like to know more about what it involves. If you make overpayments to a loan with an Annual Overpayment Allowance (AOA), then you should review the amount you are paying at least once a year.