Your home or property may be repossessed if you do not keep repayments on your mortgage
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Extending your term
Pay less each month, but pay back more overall.
If you want to lower your monthly payments, you could extend your mortgage term.
By increasing your mortgage term, you'll pay back more overall, as you'll pay more interest.
You could apply to extend your term quickly and easily online using Manage your Mortgage.
You cannot extend your term to a date whereby you will be over the age of 75
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Reducing your term
Pay more each month, but pay back less overall.
You'll pay less interest overall if you shorten your mortgage term.
It means your monthly payments will go up, but you'll save interest overall during the length of your mortgage.
When you apply, we'll need to check your income and outgoings to make sure that you can afford the new payments.
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How to apply
For residential mortgages, you apply to increase your mortgage term via the app or through online banking.
However, if you:
- Have a buy to let mortgage
- Any part of your mortgage is interest only
- Want to reduce your mortgage term
- Would like advice on changing your term
You will need to call us to book an appointment with our mortgage team to complete the application.
Mobile App
Log in to or download the Royal Bank app, tap your mortgage when you're in the app and then tap 'Manage your Mortgage', 'Your services' then 'Extend your term'.
Not registered for mobile? That’s fine, you can register using your mortgage account number. If you need any help, you can use our registration guide.
App criteria apply
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Digital Banking
Mobile App isn't for you? We've got you covered, you can access 'Manage your Mortgage' through Digital Banking.
Once logged in click on your mortgage then click 'Manage your Mortgage', 'Your services' then 'Extend your term'.
If you've not yet registered you will need your mortgage account number to do so.
You can follow this link to register for Digital Banking. If you need any help then you can follow our step-by-step guide.
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Book an appointment
Lines are open:
8am - 6pm (Mon - Fri)
Except bank holidays.
9am - 4pm (Sat)
Closed (Sun)