How do Lump Sum Payments reduce my Mortgage?

Our Lump Sum Calculator will help you estimate how much time and money you could save by making a lump sum repayment at anytime during your loan term.

TIP:
A lump sum may come in the form of an inheritance, a redundancy payment or maybe even from your savings. No matter how small or where it comes from, an additional lump sum repayment will have a significant impact on the amount of interest saved which ultimately means more money in your pocket!

When it comes to fixed rates, be careful to check your loan contracts as some lenders limit the extra amount you can repay during the fixed loan term which means you could be penalised.
 

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