Amending the term of your mortgage

No, your interest rate won’t change just because you change your mortgage term;  however, your payments may change depending on whether you shorten or extend your term.

Yes, you can change your term during a fixed‑rate period. This won’t affect your rate or the end date of your deal.

Yes, extending your mortgage term can lower your monthly payments. 

If you’re finding it hard to keep up, or you’re worried about paying your mortgage, please get in touch with us. We’d much rather talk things through early and help you find the right support.

You can also visit our Mortgage Support hub.