Reducing or extending your mortgage term
If you choose to extend your mortgage term, your monthly payment may reduce, but you’ll pay more interest in the long run. Similarly, shortening your mortgage term will see you pay more of your mortgage off per month, and less interest overall.
Changing your mortgage payment date
It’s usually no problem to change your payment date so it fits in better with your incomings and outgoings – just let us know when suits you.
Getting professional advice
We can organise a visit from a debt counsellor to help you discuss ways of managing your money if you’re having difficulties, or need to sort out a payment plan. We may add the cost of these visits to your mortgage account.
If your finances have changed for the better, paying more than your usual monthly payment could knock years off your mortgage loan. But depending on the type of mortgage you have, you may have to pay an early repayment charge.
Get more information
Every day we help customers whose ability to pay their mortgage has been affected by a change in their circumstances. Whatever reason you need to change your mortgage payment, let us know by calling us on 0345 1200 200*, or by booking an appointment.