How Much Can You Overpay on Your Lloyds Bank Mortgage?
This guide is for general information only and does not provide financial advice. Check your lender’s terms before overpaying, as early repayment charges may apply. Your home may be repossessed if you do not keep up repayments on your mortgage.
Lloyds Bank says that where early repayment charges apply you can make overpayments of up to 10% of the amount owed as of 1 January without being charged. It says it can change its yearly overpayment allowance at any time and will always give at least three months’ notice.
Lender terms change, and your own mortgage offer is what applies to you. This page was checked on 30 September 2026 against Lloyds Bank’s own page, linked below.
This page reports what Lloyds Bank publishes on its own site. It is general information, not advice and not a statement of your own mortgage terms. See our editorial policy for how we source and re-check lender facts.
What Lloyds Bank says about the yearly allowance
Lloyds Bank says that where early repayment charges apply you can make overpayments of up to 10% of the amount owed as of 1 January without being charged. It says it can change its yearly overpayment allowance at any time and will always give at least three months’ notice.
Where ERCs apply, you can make overpayments of up to 10% of the amount owed as of 01 January without being charged.
Keep in mind: We can change our yearly overpayment allowance at any time, so please check before you make any overpayments. We'll always give at least three months' notice before making any changes to your overpayment allowance.
What Lloyds Bank says about early repayment charges
Lloyds Bank says you will not have to pay early repayment charges if you move home and can transfer your current deal to your new mortgage (porting).
You won't have to pay any ERCs if you move home and can transfer your current deal to your new mortgage, known as porting.
How to check your own allowance
Lloyds Bank says you can check your mortgage statement or offer, or call it, to see whether any early repayment charges apply to you.
To see if any ERCs apply to you, you can check your mortgage statement or offer, or you can call us.
Source: Lloyds Bank: Mortgage Payment Features. Checked on 30 September 2026.
Working out a charge
If you are thinking about overpaying more than an allowance, use our early repayment charge calculator with the figures from your own mortgage offer. Our guides explain what an early repayment charge is, when an allowance resets and how the yearly limit works. If you are unsure, consider speaking to a regulated mortgage adviser.
Questions people ask
How much can I overpay on a Lloyds Bank mortgage?
Lloyds Bank says that where early repayment charges apply you can make overpayments of up to 10% of the amount owed as of 1 January without being charged. It says it can change its yearly overpayment allowance at any time and will always give at least three months’ notice. Check your own mortgage offer, because the terms that apply to you are in it.
Where can I see my own allowance with Lloyds Bank?
Lloyds Bank says you can check your mortgage statement or offer, or call it, to see whether any early repayment charges apply to you. Your mortgage offer is the document that sets your terms.
Is this the same as my own mortgage terms?
Not necessarily. This page reports what Lloyds Bank publishes on its own site, as checked on 30 September 2026. Your mortgage offer sets the terms that apply to you, and they can differ by product and by the date you took the mortgage.
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