![]() ![]() If you quote your 14-digit mortgage reference we will spread the payment across all your mortgage sub-account(s). You can find this in any of your mortgage correspondence from us. You’ll need your mortgage account number to quote as the reference for the payment. If you make a lump-sum overpayment, it can't normally be refunded at a later date. If you do this, you will need to speak to one of our Mortgage Advisors who will check that you can afford the monthly payments over the new term and advise you if this is right for you. If your mortgage is set up on a repayment basis, you can apply to change the remaining term.Ask us to re-calculate your monthly payment immediately, so that you get to reduce your monthly payments but still repay your loan by the end of the current mortgage term.However, when we next re-calculate your monthly payment, for example at an interest rate change, we will set the new monthly payment to a level that will repay your mortgage over the current mortgage term. Keep paying your current monthly payment so that you repay your mortgage sooner. Then, because your balance is lower, you can either: When you make a payment, your mortgage balance will be reduced on the day we receive the money, and you'll start to be charged less interest. You can pay part of your mortgage whenever you want.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |