How Much Can You Overpay on Your Skipton Building Society 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.
Skipton Building Society says that depending on your mortgage product there may be restrictions on the maximum amount you can overpay in one year, by regular overpayments or as a lump sum, without an Early Repayment Charge. It says you can usually repay a fixed percentage of your original mortgage balance per year without charge. See Skipton Building Society’s page and your own mortgage offer for any percentage.
Lender terms change, and your own mortgage offer is what applies to you. This page was checked on 30 September 2026 against Skipton Building Society’s own page, linked below.
This page reports what Skipton Building Society 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 Skipton Building Society says about the yearly allowance
Skipton Building Society says that depending on your mortgage product there may be restrictions on the maximum amount you can overpay in one year, by regular overpayments or as a lump sum, without an Early Repayment Charge. It says you can usually repay a fixed percentage of your original mortgage balance per year without charge. See Skipton Building Society’s page and your own mortgage offer for any percentage.
Depending on your mortgage product, there may be restrictions on the maximum amount you can overpay, either by regular overpayments or as a lump sum, in one year without incurring an Early Repayment Charge (ERC).
You can usually repay a fixed percentage of your original mortgage balance per year without charge.
How Skipton Building Society applies overpayments
Skipton Building Society says your contractual monthly payment could be recalculated if you make an overpayment. For a payment that is 6 times higher than your monthly payment amount, or £2,000 and above (whichever is lower), it says it will recalculate your contractual monthly payment to reflect the lower balance and remaining term.
If you make a payment that is 6 times higher than your monthly payment amount, or £2,000 and above (whichever is lower): We'll recalculate your contractual monthly payment to reflect the lower balance and remaining term.
You should know that your contractual monthly payment could be recalculated if you make an overpayment.
How to check your own allowance
Skipton Building Society points you to your mortgage offer, or to a phone call, for more details.
For more details, see your mortgage offer or call us on 0345 850 1711.
Source: Skipton Building Society: Mortgage overpayments. 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 Skipton Building Society mortgage?
Skipton Building Society says that depending on your mortgage product there may be restrictions on the maximum amount you can overpay in one year, by regular overpayments or as a lump sum, without an Early Repayment Charge. It says you can usually repay a fixed percentage of your original mortgage balance per year without charge. See Skipton Building Society’s page and your own mortgage offer for any percentage. Check your own mortgage offer, because the terms that apply to you are in it.
Where can I see my own allowance with Skipton Building Society?
Skipton Building Society points you to your mortgage offer, or to a phone call, for more details. 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 Skipton Building Society 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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