Can you pay lump sums off your mortgage?
You can make lump sums off your mortgage, but be aware that the type of loan and interest rate you have may mean you incur costs.
You can make additional payments during a fixed period on Principal and Interest and Interest Only loans but a pre-payment fee may apply.
You can make extra repayments up to 5% of your original loan amount before there is any chance that a prepayment fee may apply.
Pre-payment fees don’t apply to an extra repayment on a variable rate home loan.