The options below could help you to reduce your monthly payments, or reduce your overall balance.
For further support, see our money worries page.
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Ending your mortgage payment holiday
Financial Conduct Authority guidance
1. Make a lump sum overpayment
If you have funds available, you could make a lump sum overpayment on your loan.
The letter that you will receive will confirm the amount of interest that has accrued and been added to your balance during your payment holiday period.
By paying this interest amount as a lump sum, you’ll reduce the balance of your loan. This could reduce your monthly payments back to a similar amount as they were before you took your payment holiday and will reduce the cost of borrowing over the remaining term of your loan.
You can call us on 03 456 100 103 Mon to Fri 8am to 8pm, Sat 8am to 6pm and Sun 9am to 6pm to discuss making a lump sum overpayment. We’ll be able to tell you what effect it would have on your monthly repayments. We can arrange this for you if you want to go ahead.
I want to explore other options to reduce my revised monthly payments
2. Rate Switch
You can switch to a new interest rate at any time during your mortgage term and depending on your circumstances, switching rates may save you money each month.
If your next mortgage payment is due within 21 days and you wish to select this option, please call us on 03 456 100 103 (lines open Mon to Sat 8am to 8pm and Sun 9am to 8pm) so we can discuss this with you.
Step 1 – Find and compare our current mortgage rates or view all our mortgage rates.
Step 2 – Book an appointment to speak to someone about your options.
To book an appointment, please call us on 03 456 100 103 Mon to Fri 8am to 8pm, Sat 8am to 6pm and Sun 9am to 6pm.