FAQs

Yes, subject to criteria and your ability to make the monthly repayments required following the change. 

If you are having difficulty making your mortgage repayments, please contact us as soon as possible and a member of our highly trained staff will discuss this with you. We have more information in the Financial Difficulties section of our website.

If you have an interest only mortgage or a mortgage that includes an amount borrowed on interest only terms, it’s important to check regularly that your endowment, savings plan or other repayment strategy is on track to repay the mortgage at the end of the term. 

For all types of repayment strategies, we recommend that you regularly obtain confirmation, together with financial advice, from your repayment vehicle provider(s) to ensure that the projected maturity value will be sufficient to repay your mortgage.

If it indicates a potential shortfall, you have several options to consider depending on your individual circumstances. We can help you with this so get in touch.

If you wish to discuss your mortgage in further detail or require any additional assistance, please call us. 

The MoneyHelper website offers free, unbiased advice on interest only mortgages. Visit MoneyHelper or call them on  0800 138 7777.

It is your responsibility to ensure that where interest only payments are being made, that you have sufficient funds available at the end of the mortgage term to repay all sums due and that you maintain adequate life cover throughout the term of the mortgage.