Things to consider before making an overpayment
- With some of our mortgages, there's a limit to how much you can overpay. We call this your overpayment allowance. If you go over this amount, you may have to pay an Early Repayment Charge (ERC). To find out how much you can overpay by without paying an Early Repayment Charge, chat to our customer services team or check your most recent illustration.
- You'll still need to pay your usual monthly mortgage payment. Overpayments are an additional payment on top.
- Once an overpayment has been made, it can't be refunded or used to reduce or pause any future monthly payments.
Make regular overpayments
We can set up a Direct Debit to collect an extra amount each month.
To do this you'll need to contact us.
We’ll need at least 10 working days before your payment is due to set up or change a direct debit.
Make a one-off overpayment
You can make a one-off payment in a number of ways:
By debit card
You can make an overpayment by debit card anytime by calling our automated payment line on 0345 241 0593.
By bank transfer
You can send us an overpayment by bank transfer. To find out the bank details you'll need to send the money to, please contact us.
By cash or cheque
You can overpay by cash or cheque at your local branch.
Cheques must be made payable to you and include your mortgage account number.
You can also post cheques to:
West Brom Building Society
2 Providence Place
West Bromwich
B70 8AF
Change or cancel an overpayment
If you've set up a regular overpayment, you'll need to let us know if you want to change or cancel the amount we collect in addition to your monthly payment.
We need at least 10 working days notice before your next payment is due to make any changes.
Unfortunately, where an overpayment has already been made, it can't be refunded or used to reduce or pause any future monthly payments.