To help ensure you can repay your mortgage balance, we will:
- Write to you 12 months before the end of your term to remind you that your mortgage is coming to an end;
- We will then send you a further reminder six months before your term ends;
- Finally, we will then write to you a final time one month before the end of your term
To repay the outstanding balance before the end of its term, you can request a redemption statement from us. This will confirm the amount to be repaid. Click here for more information on redeeming your mortgage.
If you have not settled your outstanding balance two months after the end of your term, we will write to you with a demand for payment that includes a redemption statement detailing the full amount to be repaid.
Not repaying the outstanding balance by the end of your mortgage term could lead to the repossession of your home and may adversely affect your credit file.