With my Lender I have 2 choices, if I overpay. I can reduce the regular monthly payments or leave it as is and simply pay a chunk off the capital amount owed thus reducing the amount of interest paid over the term.
Maximum over payments on my mortgages is 10% of the original amount borrowed in any 12 month period.
I would have thought that you would have the same options as standard?
I’m with the Halifax
B