To ask how much you overpay your mortgage?

105 replies

Changingup · 20/02/2026 08:08

Our mortgage is 1991 per month. We have got to a point where we have a good savings amount. We want to overpay the mortgage by 1k extra per month. We would like to pay it off completely over the next 10-12 years. If you overpay how much do you overpay by?

OP posts:

TartanMammy · 20/02/2026 08:17

Our mortgage is £230, we overpay by £540.

We're currently on a fixed rate of 1.65% so making the most of that and we took it over 40yrs and need to bring the the term down. But the rate is up in the summer so we'll review it then.

Ohfudgeoff · 20/02/2026 08:15

The maximum we are contractually allowed to over pay off our mortgage is 10% per annum. So that is what we do.

Since our savings interest rate is higher than our mortgage interest rate, we save it in a savings account until the end of the mortgage year and then pay off 10% in a lump sum once a year, rather than regular small overpayments. It gives us flexibility as well if something happens and we need to divert an amount of those savings somewhere else for a time. It works for us.

We direct our overpayments to reduce the term of the mortgage and have reduced it significantly (it started as a 25y mortgage).

Original poster

Changingup · 20/02/2026 08:14

Mathsdebator · 20/02/2026 08:10

200 quid. However the mortgage is only £400 normally 🤣

We live up north.

Better than nothing to be fair, it’s still 50% extra. Are you seeing your amount reducing quicker at all?

OP posts:

FrothyCothy · 20/02/2026 08:13

£60 but as above our mortgage is low and we don’t have much savings so it’s a token amount because I preferred paying a round number to the standard monthly payment.

Mathsdebator · 20/02/2026 08:10

200 quid. However the mortgage is only £400 normally 🤣

We live up north.

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