Change your mortgage term

See the impact of changing your term

Use the calculator to see how a change in term will affect your monthly mortgage payments and the total amount you’ll repay.

Enter your outstanding mortgage balance, your current interest rate and your current remaining mortgage term. Then enter the new mortgage term and you will see the impact the change has.

£

Monthly +1

Monthly payment

Current monthly payment:

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New monthly payment:

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Monthly payment change:

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The figures shown are for illustrative purposes only.

Total amount payable

Current total amount payable:

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New total amount payable:

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Change to total amount payable:

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The figures shown are for illustrative purposes only.

Monthly payment

Total amount payable

Monthly payment

Current payment

Total amount payable

##cmp##

##tp##

Monthly payment

New payment

Total amount payable

##newcmp##

##newtp##

Monthly payment

Payment change

Total amount payable

##cmpdifffinal##

##tpdiff##

The figures shown are for illustrative purposes only.

  • We use these assumptions in the calculator.

    • All years have 365 days.
    • Interest is worked out monthly.
    • All sub-accounts have been worked out individually.
    • The estimate of total amount payable is to the nearest pound.
    • Any interest rate changes haven’t been taken into account.
    • There are no other changes to your mortgage which would need a recalculation.

What do you want to do?

Let's help you get to the right place.
 

  • Extending your mortgage term will mean you pay more over the term of your mortgage.

    As part of the Mortgage Charter, if you extend your mortgage term, you’re able to change back to your original term within the first 6 months without going through affordability checks.

    If you’ve made any other changes to your mortgage, such as extra borrowing, more checks might be needed. 

    If you want to cancel after 6 months, see ‘I want to reduce my mortgage term.’

    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.

    Call us

    Call us to speak to one of our mortgage experts by phone or video.

    We may monitor and record telephone calls to help us give a higher level of service.

    Book an appointment

    You can request a telephone or video appointment with a mortgage adviser from your local branch. They'll call you back to agree a convenient day and time.

    Book an appointment

  • 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.

    Call us

    Call us to speak to one of our mortgage experts by phone or video.

    We may monitor and record telephone calls to help us give a higher level of service.

    Book an appointment

    You can request a telephone or video appointment with a mortgage adviser from your local branch. They'll call you back to agree a convenient day and time.

    Book an appointment

  • For example, you may only have questions regarding interest rates, repayment type and Life and Critical Illness policies. For these and all other mortgage queries contact us in a way that suits you best.

    Call us

    Call us to speak to one of our mortgage experts by phone or video. 

    We may monitor and record telephone calls to help us give a higher level of service.

    Book an appointment

    You can request a telephone or video appointment with a mortgage adviser from your local branch. They'll call you back to agree a day and time that suit you best.

    Book an appointment

Let’s look at the details

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