How Much Can You Overpay on Your Virgin Money 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.
Virgin Money says that, while in the initial product period (for example a fixed rate), you can make overpayments of up to 10% of your mortgage balance per calendar year without an Early Repayment Charge. It says that with its flexible mortgages you can make unlimited, free-of-charge overpayments, provided the mortgage is not redeemed in full.
Lender terms change, and your own mortgage offer is what applies to you. This page was checked on 30 September 2026 against Virgin Money’s own page, linked below.
This page reports what Virgin Money 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 Virgin Money says about the yearly allowance
Virgin Money says that, while in the initial product period (for example a fixed rate), you can make overpayments of up to 10% of your mortgage balance per calendar year without an Early Repayment Charge. It says that with its flexible mortgages you can make unlimited, free-of-charge overpayments, provided the mortgage is not redeemed in full.
You can make overpayments of up to 10% of your mortgage balance per calendar year without incurring an Early Repayment Charge, whilst in the initial product period eg. A fixed rate.
With our flexible mortgages you can make unlimited, free-of-charge overpayments, provided that the mortgage is not redeemed in full.
How Virgin Money applies overpayments
Virgin Money says any overpayments immediately reduce the outstanding loan, resulting in less interest being charged. For overpayments of £500 or more that are not made by Direct Debit it says it will recalculate your monthly payment.
Any overpayments will immediately reduce the outstanding loan, resulting in less interest being charged.
Overpayments of £500 or more (not made by Direct Debit): We will recalculate your monthly payment.
How to check your own allowance
Virgin Money says not all of its mortgages come with these features and points you to your mortgage offer for details.
Not all of our mortgages come with these features. Please check your mortgage offer for details.
Source: Virgin Money: Our mortgage 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 Virgin Money mortgage?
Virgin Money says that, while in the initial product period (for example a fixed rate), you can make overpayments of up to 10% of your mortgage balance per calendar year without an Early Repayment Charge. It says that with its flexible mortgages you can make unlimited, free-of-charge overpayments, provided the mortgage is not redeemed in full. Check your own mortgage offer, because the terms that apply to you are in it.
Where can I see my own allowance with Virgin Money?
Virgin Money says not all of its mortgages come with these features and points you to your mortgage offer for 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 Virgin Money 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.
Other lenders we cover
Nationwide, NatWest, Halifax, Santander, HSBC UK, TSB, Yorkshire Building Society, Skipton Building Society, Barclays, Lloyds Bank.