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Overpayments

I want to make a lump sum repayment. What do I need to do?

You may wish to repay some of your mortgage. This is possible however some mortgage products have an early repayment charge if this is done.

If you have taken a Covid-19 related payment holiday and are making an overpayment to get back on track, as a special concession you won't have to pay an early repayment charge and it won't count towards our 10% early repayment charge concession.

If a charge is applicable this will be shown either on your latest offer or on a transfer authority form if you changed mortgage products after your account started. If a charge applies you must make a payment to cover it.

The lump sum payment can be paid via your bank. Our details are:

Lloyds Bank
Sort code: 30-00-00
Account number: 00332275
Account name : Birmingham Midshires

Please ensure the payment reference states:

  • Mortgage account number - your 14 digit mortgage account number followed by 00 or to make a payment to a sub-account replace the 00 with a two digit sub-account number. See section below on how to allocate an additional payment to a specific sub-account).

International payment details:
IBAN No: GB19 LOYD 3015 9900 5800 06
Reference: Mortgage Account number (this should be your 14-digit number followed by 00 or your sub-account number and surname).

Keeping your account safe

We've introduced a new way to keep your payments even safer. The Confirmation of Payee (COP) service adds more protection to your payments and shields you from fraud and scams. It checks that all details match before your bank sends a payment. When setting up a payment to someone for the first time, you will see a pop up message showing the results of the confirmation of payee check. At the moment, some banks' systems may not show a match when you enter our account details. Please make sure that you enter the correct account details, as shown above.

By cheque

Cheques can be sent to our lending correspondence team at:

Birmingham Midshires Mortgage Servicing
PO Box 833
Leeds
LS1 9PU

Cheques should be made payable to Birmingham Midshires followed by your name and your 14 digit mortgage account number followed by 00. If you want to make the payment to a specific part of your mortgage, replace 00 by the sub-account number for that part of your mortgage. Please note cheques may not be credited to the account on the same day that we receive them.

Over the phone

You can make an additional mortgage payment using your debit card for any amount between £5 and £60,000 by calling us on 0345 300 2627.

Please note we can only take debit card payments from customers named on the mortgage account. We don't accept credit cards or debit Mastercards (cards beginning with a 5).

Remember to have your mortgage account number to hand.

We'll no longer automatically update your monthly payment when you make overpayments. But you can ask us to do so at any time.

If you would like any further information please contact the lending call centre on 0345 300 2627.

Setting up a regular overpayment

You can set up regular overpayments by standing order from any bank using:

Lloyds Bank
Sort code: 30-00-00
Account number: 00332275
Account name: Birmingham Midshires

Please ensure the payment reference states:

  • Your 14 digit mortgage account number followed by 00 or to make a payment to a sub-account replace the 00 with the two digit sub-account number).

How do I allocate my additional payment to a specific sub-account?

If you pay more than your monthly payment, we'll put what you pay towards each sub-account in the same proportions that we apply your full monthly payments to those sub-accounts. However, you can allocate your additional payment to a specific sub-account providing you have made all the monthly payments due on all other parts of your mortgage. You can do this by telling us the appropriate 2 digit sub-account number as part of your payment reference. Remember, when making additional payments you may have to pay early repayment charges if they apply.

Worked example

If your mortgage consists of three sub-accounts and your total monthly payment is £1000, of which:

  • Payment on sub-account 01 £100 = 10%
  • Payment on sub-account 02 £700 = 70%
  • Payment on sub-account 03 £200 = 20%

You make a £500 additional payment using your 14 digit mortgage account number followed by 00 as the reference number. This will be split between the sub-accounts in line with your current mortgage instruction as follows:

  • Payment on sub-account 01 (10%) = £50
  • Payment on sub-account 02 (70%) = £350
  • Payment on sub-account 03 (20%) = £100

You make a £500 additional payment and want the whole additional payment to reduce your balance on sub-account 02. Your reference number should be your 14 digit mortgage account number followed by 02. This payment will be made only to sub-account 02 as follows:

  • Payment on sub-account 01 (0%) = £0
  • Payment on sub-account 02 (100%) = £500
  • Payment on sub-account 03 (0%) = £0

For telephone line opening times, please read the information in our contact section. Calls may be monitored and recorded for security and training purposes.

Our tracker rate mortgages are linked to Bank of England Bank Rate (also known as Bank of England repo rate). Details of this rate can be found on the Bank of England website or in the Financial Times or other leading newspapers.

Security and privacy policy

© Birmingham Midshires

This site is intended for UK residents unless otherwise stated. Mortgage Loans will be made by Birmingham Midshires.
Birmingham Midshires is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh, EH1 1YZ.
To contact the FCA Consumer helpline, please ring 0800 111 6768 or visit moneyadviceservice.org.uk/.