If you're thinking about repaying all or part of your existing mortgage, you may have some questions about how this works. Have a look through the information below which should help with some of the key questions.
If you can't find what you are looking for or have specific questions about your mortgage, please get in touch on 0800 121 8899.
Please remember that additional payments are subject to your existing mortgage terms and conditions which may include Early Repayment Charges (ERCs)*.
*An ERC is a fee that may apply if you repay your mortgage balance in full, whilst in your initial period. You may also be charged ERCs if you overpay more than your mortgage allows. You can check the ERCs that may apply to your mortgage in your mortgage illustration.
If you pay extra towards your mortgage, the amount you pay will determine whether it’s treated as a capital repayment or an overpayment.
Charges for repaying early
There may be a fee if your mortgage is subject to an early repayment charge. Your original mortgage offer and your annual mortgage statement will tell you if this is the case.
Please remember that additional payments are subject to your existing mortgage terms and conditions which may include Early Repayment Charges.
Redeeming your mortgage
If you plan to redeem your mortgage, please call us on 0800 121 6263 or visit your local branch for a redemption statement, which will give you a more accurate indication of what the total cost of paying back your mortgage will be.
You’ll need to check your mortgage terms and conditions to see if your mortgage allows for payment holidays. Payment holidays are only available on certain mortgages.
Changing your details
If you need to update your payment details, including changing the date or amount of the payment or changing the account you use to pay a direct debit, you'll need to get in touch.
We all go through changes in our lives that can sometimes lead to financial struggles. If you’re having trouble paying your mortgage, or you think you may face difficulty in the future, it’s important to let us know as soon as you can ‐ there are things we may be able to do to help.