Looking to overpay your mortgage, or interested in finding out about payment holidays or underpayments? We’ve compiled information that may be of use to you:

Overpaying on your mortgage

If you’re looking to overpay on your mortgage by making extra payments, you could in turn shorten your mortgage term and potentially save thousands in interest. For more information on this, you can use our mortgage overpayment calculator to show you what you could save in the long term.

Pausing or underpaying on your mortgage

Also known as a mortgage payment holiday, this is essentially an agreement you can negotiate with your lender which can allow you to temporarily stop or reduce your monthly mortgage repayments.

Whether you are eligible to take a payment holiday and for how long will depend on:

  • Your lender
  • The mortgage contract
  • Your financial circumstances

If you’re looking for a longer term solution, take a look at our reducing your monthly payment FAQs.

Below is a list of the most frequently asked questions about mortgage overpayments, payment holidays, underpayments and borrowback with answers provided by our mortgage experts. Can’t find what you need? You can ask your own question and we'll come back with a response.