Change your mortgage term
A quick summary
You may be able to change your mortgage term to help manage your monthly payments. Extending your term usually means you’ll pay more in interest charges over the duration of your mortgage.
See the impact of changing your term
Ready to change your mortgage term?
Speak to us about extending your mortgage term, reducing your mortgage term or another mortgage change.
Let’s look at the details
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If you’re thinking about reducing your mortgage term, one of our advisers will explain your options.
If you’ve had a term extension agreed under the Mortgage Charter, you can change back to your original term.
without an affordability check within the first 6 months of the extension.
If you’ve made any other changes to your mortgage, such as extra borrowing, more checks might be needed.
Important: If you revert back to your term, your monthly payments will increase as you’ll be repaying the mortgage balance over a shorter term.
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