Your mortgage may allow you to make overpayments up to a certain amount in each 12-month period, without being charged. This is your annual overpayments allowance.
If you pay more than your annual overpayment allowance, you may have to pay a charge. Full details of any fees and charges will be shown in your mortgage offer.
If you wish to make an overpayment of less than £50,000, please use the following bank details:
| Bank name: | Nat West |
| Account name: | For an individual, please use the forename and surname of the person who owns this account. For a business, please use the name of the business. |
| Sort code: | 62-28-74 |
| Account number: | 00000000 (this is a collection account) |
| Reference: | Your 10-digit Newbury Building Society mortgage account number |
| Account type: | 'Personal' unless the account is in a business name, then select 'Business' |
If you wish to make an overpayment of more than £50,000, please use the following bank details:
| Bank name | NatWest |
| Account name | For an individual, please use your first and last name. For a business, please use the name of the business. |
| Sort code | 60-15-07 |
| Account number | 16270851 |
| Reference | Your 10-digit Newbury Building Society mortgage account number. |
| Account type | 'Personal' unless the account is in a business name, then select 'Business'. |
After making your overpayment
Once you have made your payment, please contact us by email or call 01635 555700 to advise how you would like us to process your overpayment (e.g. reducing your monthly payments or mortgage term, or to advise no changes).
Please note we will not automatically recalculate your payments and will only make amendments if the overpayment is greater than £1,000. We need at least 14 days before your next Direct Debit to make sure we can amend your payment in time.
Your overpayment will be credited to your account on the date of receipt; however, we will not automatically confirm we have received your payment.