How to make your mortgage payments

We want to make it as simple as possible for you to make mortgage payments

This means we have a range of options available so that you can choose what works best for you.

 

Mortgage Overpayments

Typically, you can overpay 10% of your mortgage balance during every 12 month period, without incurring an early repayment charge.

This 10% overpayment allowance is calculated using the balance of your mortgage at the time it completes. If you’ve switched to a new mortgage deal since completion, we use the latest switch balance.

Each 12 month period starts on the anniversary of your mortgage completing or switching to the latest mortgage deal. Take a look at our Mortgage Overpayments guide for more information.

 

Electronic Payments

You can make electronic transfers from your bank or building society account via Faster Payments, Standing Orders, CHAPS and BACS. 

Here are the details you’ll need to make an electronic payment:

• Name: This should match the name on the account you’re sending money to with us
• Sort Code: 20-17-55
• Account Number: 40338346
• Reference: This is your account number with us, which will either be:
  • a 10-digit number or
  • the letters ‘CB’ followed by eight numbers. If your account number starts with ‘CB’, the digit following the letters is a zero, not the letter O, e.g. CB01234567

You must quote either of the above as a reference to ensure the payments reach your account.

We’ve recently joined Confirmation of Payee, which is a name-checking service to make sure payments aren't sent to the wrong account and to help protect you from fraud. When you submit a payment, you will see one of the following;

• Match: the name on the account matches, so you can continue
• Close match: the name on the account is not an exact match, but you recognise the closely matched name
• No match: the payee’s name details don’t match the name on the account, so please make sure you check the details before proceeding with your payment.

Visit our guide for more information on the Confirmation of Payee service

 

Debit Card

We accept payments by most major debit cards.

You can make a payment using your debit card at any of our stores and branches or by calling us on 0345 601 3344.

 

Payments from overseas

You can transfer money by telegraphic transfer (SWIFT) from overseas. To organise this transfer, the organisation sending the payment will need the following details:

• SWIFT Code: BARCGB22
• Bank account name: Cambridge Building Society
• IBAN: GB27BARC20175540338346
• Reference: This is your Cambridge Building Society account number, which will either be:
  • a 10-digit number or
  • the letters ‘CB’ followed by eight numbers. If your account number starts with ‘CB’, the digit following the letters is a zero e.g. CB0 You must quote this as a reference to ensure the payments reach your account.
• The amount to be sent, stating the currency

 

Cash and Cheque

Pop into any of our stores or branches and we’ll be happy to help. You can find more information on cheque payments here. You can find your nearest store or branch and our opening hours here.

 

Why not download The Cambridge Money App?

If you’d like the flexibility of having access to your accounts on the move, why not download our Money App?

You’ll need to register for online access first, simply call our Customer Contact Centre on 0345 601 3344 or pop into your nearest branch or store to get your login details. You’ll need a mobile number and email address to get online with us.

Once you’re set up simply search for ‘Cambridge Building Society’, 'The Cambridge Building Society' or 'The Cambridge Money App' in your selected app store and you’ll see The Cambridge logo. Tap on the app and press get or install.

Find out more about The Cambridge Money App here.

 

We'll be here

If you're having any difficulties setting up or making a payment into any account at The Cambridge, please contact us on 0345 601 3344.