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Halifax Mortgage
Overpayment Calculator
See exactly how much interest you save and how many years you cut off your Halifax mortgage by making overpayments.
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Halifax Mortgage Overpayment Rules
How much can I overpay on my Halifax mortgage?
Halifax allows most customers to overpay up to 10% of their outstanding mortgage balance per year without any early repayment charges. This applies to both fixed-rate and tracker mortgages. If you are on Halifax's standard variable rate (SVR), you can usually overpay by any amount.
How do I overpay my Halifax mortgage?
You can make Halifax mortgage overpayments online through the Halifax website or app, by calling Halifax directly, or by setting up a standing order to pay extra each month. Always confirm with Halifax before making large overpayments to avoid any charges.
Will Halifax reduce my monthly payment or term?
Halifax typically reduces your monthly payment when you overpay, keeping the term the same. If you want to shorten your term instead, you need to request this specifically from Halifax. Shortening the term saves more money overall.
Also try our other calculators
Try our general mortgage overpayment calculator, NatWest overpayment calculator, or Halifax overpayment calculator.