On 29th March 2019 House Network Limited trading as House Network entered administration, Universal Acquisitions Limited acquired the trading rights of House Network on 29th March 2019 and subsequently ceased the trading activities whilst the business is restructured.

Any customers of House Network Limited who paid a marketing fee before 29th March 2019 should contact the administrators of House Network Limited for further advice.

Effect of Mortgage Overpayment

Making mortgage 'overpayments' means paying off more than the amount set by the lender. The overpayment can either be in the form of a lump sum, or could be additional amounts made on top of your normal monthly repayments. The main purpose of 'overpayment' is to pay off the mortgage debt quicker, by doing so, this reduces the total amount of interest payable.

The calculator below provides useful information on what effect overpaying your mortgage monthly could have on the overall cost. Although lenders have different terms and conditions on overpaying, you can see how much you could potentially save in interest and how many years you could reduce your mortgage by. To get free mortgage advice and understand your options Call L&C now on 0800 073 1951.

Find out much overpaying your mortgage can help to reduce interest cost and save money

Loan Size




Current interest rate




Term of loan (years)


5 years

45 years

Monthly Overpayment




By overpaying by £, you will



Reduce your mortgage by


Free Mortgage Advice with L&C

The team at L&C believe that buying a home should be fun and remortgaging should be simple.

Finding the right mortgage and moving house can feel both time-consuming and daunting. Especially when there are so many options and decisions to be made. That’s why L&C do all the hard work for you. They’ll search for great deals across the market, and as the UK’s leading fee free mortgage broker, they won’t charge you a penny. Get in touch with one of their expert advisers and find the right mortgage for you.

Our Mortgage Calculators

How much can I borrow?

Discover how much you could borrow using our simple calculator.

How Much Will It Cost?

Discover how much your monthly mortgage costs could be with our easy to use tool.

Stamp Duty Calculator

Discover how much stamp duty tax you will have to pay when buying a property.

Rate Change Implication

Discover the impact an increase or decrease in interest rates can have on your mortgage repayments.

Mortgage Overpayment

Discover how mortgage overpayments may reduce interest costs and save you money on your mortgage payments.

Early Repayment Charge

Discover how much it will cost to exit a mortgage agreement early.

Looking for a mortgage or need some advice? Speak to an expert at L&C today

The House Network Mortgage Service is provided by London & Country Mortgages (L&C), Beazer House, Lower Bristol Road, Bath, BA23BA, London & Country are authorised and regulated by the Financial Conduct Authority (registered number: 143002). The FCA does not regulate most Buy to Let mortgages. Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage.