Your home may be repossessed if you do not keep up repayments on your mortgage
If you are currently in a fixed or discounted deal period you can start the switch process up to a maximum of 180 days before your current deal expires. Any new deal can be completed without penalty during the last 3 months of the current rate. Please indicate on the acceptance form whether you would like your rate to change as soon as possible, or after the expiry of your current rate.
If you have previously made lump sum credits and/or overpayments to your mortgage with a view to using our borrow back facility in the future, by transferring to a new deal you will lose the ability to withdraw these funds.
If you select a fixed rate mortgage product you will not be eligible to link any offset accounts against your mortgage. If you currently have an offset mortgage any offset account linkage will cease when a fixed rate comes into force.
Any application to switch rates will result in the recalculation of your monthly payments to the minimum amount required to repay the mortgage within your originally agreed term. Where you have been making overpayments or offsetting balances against your mortgage with the intention of repaying your mortgage early you will need to contact us after the completion of the switching application. We will then be able to reinstate the overpayment amount required to reach any early repayment goals that you have.
The online switch service can't be used if you're not sure which deal is right for you, our mortgage team can talk you through your options. In this situation, please call our mortgage team.
You will need your mortgage account number to switch online. You can find this on your mortgage statement or other mortgage related letters.