If you have an Interest Only mortgage with the Society, there are few important things to consider during your mortgage term. The amount you borrow (otherwise known as your capital) will need to be repaid by the end of your mortgage term, so it's best to act earlier on, so that you have more options.

Take some time to read through the FCA's useful guidance around Interest Only mortgages linked below.

FCA Interest Only Guidance

You can also contact us to understand how much you have left to repay.

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To check if your mortgage, or part of your mortgage, is on interest only terms, look at your offer of advance or annual mortgage statement. 

It's important to regularly review your repayment plans to ensure you are on track to repay the amount you borrowed (the capital) at the end of the mortgage term.

You can update us with your repayment plans by completing the below form.

Interest Only Form

If your repayment plans are not on track, there are a few options available to you to repay your Interest Only mortgage, subject to existing mortgage terms and conditions:

• We are more than happy to discuss these with you, contact us on 01384 231414 (or view other ways to Contact Us)
• Contact your own financial advisor for assistance