Payment Break End - Your Options Payment Break End - Your Options 1 Your options2 Your details3 Alternative options to consider4 Repayment Mortgage: For any element of your mortgage that is on a repayment basis, you’ll pay the deferred amount over the remaining term of your mortgage. Interest Only: For any element of your mortgage that is on an Interest Only basis, we'll add the amount to your balance so it must be repaid at the end of your term. Unsure about your ability to repay the deferred amount or resume your normal monthly payment? If your current monthly income is still impacted by COVID-19, we can still support you. A further payment break could suit you. To apply click here. If you need immediate financial support or longer term help, please call us on 0800 1699722* If you'd like to consider alternative options for paying back your deferred amount, click next Property location*UKROIYou can only apply for an extension after you receive a letter from us confirming what to do at the end of your payment break. We cannot process any applications before you receive your letter.Have you received a letter confirming your payment break is ending, which includes the deferred amount?*YesNoAccount Number*You can find your 10 digit account number on any correspondence from us. It starts with 80, 82, 10 or 00Is any part of your mortgage interest only?*YesNoCustomers from the Republic of Ireland Please visit our Republic of Ireland page.We'll write to you near the end of your payment break to give you the information you need to continue. Please come back once you’ve received the letter. In the meantime, have a look at our FAQs Alternative options*Repay the deferred amount immediately as a lump sum - Pay the total amount you deferred during your payment break. This amount is confirmed in your letter.Make regular overpayments over a period that suits you, to repay your deferred amountRequest to extend your mortgage term - This keeps your payments at a similar level to your previous monthly payment, but your mortgage will end later.Unsure about your ability to repay the deferred amount or resume your normal monthly paymentAlternative options*Repay the deferred amount immediately as a lump sum - Pay the total amount you deferred during your payment break. This amount is confirmed in your letter.Make regular overpayments over a period that suits you, to repay your deferred amountUnsure about your ability to repay the deferred amount or resume your normal monthly payment Repay the deferred amount immediately as a lump sum overpayment Pay the total amount you deferred during your payment break. The amount is confirmed in your letter. This won't affect your overpayment limit, if applicable. Pay now. Please select "Lump sum overpayment" on the form.Make overpayments to reduce the deferred amount Make regular overpayments over a period that suits you. The deferred amount will be added to your mortgage balance and will continue to accrue interest. You can make regular overpayments over a period that suits you, to repay the deferred amount. This won’t affect your overpayment limit, if applicable. You can set up a Standing Order for a set period. You can also make a payment online. Please select “Lump sum overpayment” on the form. For more information click here.Request to extend your mortgage term by the duration of your payment break This keeps your payments at a similar level to your previous monthly payment, before you took your payment break. If your interest rate has changed since then, this might be different to the last payment you made. Your mortgage term will increase by the length of your payment break. Before the term of your mortgage is extended, we will write to you to confirm: The amount outstanding An estimate of your new monthly payment Your current rate of interest Whether your interest rate is on a fixed or variable basis All mortgage holders must confirm they are happy to extend the term by signing the document we send you. It should then be sent back to us as soon as possible. Your monthly payments will remain at the amount detailed in your payment break end letter until we write to you to confirm when the new payment will take effect. What type of mortgage do you have?*ResidentialBTLIf you’re happy to continue without our advice please complete the form below. If you need our advice, or would like to change your mortgage term in a different way, please call us on 0800 169 9722*.Account Number*Full Name*Phone Number*Email* Postcode*Property Postcode*Will the term extension take any applicant into/further into retirement?*YesNoExecution Only Disclosure You are about to submit a request for us to extend the term of your mortgage. You have chosen to make this variation on an Execution Only basis, which means that you are satisfied that this variation is suitable for your individual need and circumstances. Term extension requests made in this way mean that we will not assess the suitability of this term extension. If you would like to be protected by the Financial Conduct Authority's rules relating to the provision of advice and the assessment of suitability, please call us on 0345 300 8000* so that you can speak to one of our advisers. View and print pdfIf your current monthly income is still impacted by COVID-19, and you hope to be able to resume your normal monthly payments soon, a further payment break could suit you. To apply click here. If you don’t think you’ll be able to resume your mortgage payments at the end of your payment break, we can still support you. Please call us on 0800 1699722* if you need immediate financial support or longer term help.CommentsThis field is for validation purposes and should be left unchanged.
