If you’d rather not capitalise your missed payments, which could mean you reduce the amount of interest charged over the term of your mortgage, we can make arrangements with you to increase your normal monthly payment amount so that you repay the capitalised amount over a shorter period of time. This will reduce the amount of interest charged over the term of your mortgage, as a result of the payment deferral. The quickest way for you to request this is to complete our opt out of capitalisation form below.
We'll then contact you within 5 to 7 working days to confirm your new monthly payment excluding the capitalised amount
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You and anyone else named on the mortgage are aware that:
Your mortgage is secured on your home. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.