If you have an interest only mortgage – or part of it is interest only – you can change to a capital repayment mortgage. That means you'll start to pay off the capital you've borrowed as well as the interest. If you move your whole mortgage to capital repayment you will have paid it off in full by the end of the term.

Being eligible to change your repayment type

You can’t apply if:

  • You want to apply to change from capital repayment to interest only.
  • The property is currently being let.
  • Your mortgage was regulated by the Consumer Credit Act at the time it was taken out.
  • There's a guarantor on the mortgage.
  • You or anyone else on the mortgage have been declared bankrupt and have not been discharged.

If you're a member of the British Armed Forces or critically ill, you can change your repayment type but not online. Please call us on 03457 30 20 11 (Monday to Friday, 8am to 6pm. Saturdays 9am to 1pm. Closed Sundays and bank holidays).

What to expect when changing your repayment type

Changing your mortgage repayment type can have a big impact on your financial situation, so it's really important that you understand your options.

Once we receive the completed application, we'll change your repayment type within ten working days. We do not charge for changing your mortgage repayment type.


If you’re concerned about paying your mortgage, we’re here to help. Call us on 0800 464 30 30 (Monday to Friday, 9am to 5pm. Closed Saturdays, Sundays and bank holidays) to discuss your options or visit our challenging times page

Information: If you want to change your mortgage term

Visit our term change page


If you're comfortable changing your repayment type and mortgage term without our advice, you can apply online. However, you need to understand that you're responsible for the repayment type and mortgage term you choose.

You'll need the following information for all account holders:

  • Mortgage account details
  • Income (salary, bonuses, pension)
  • Any payments you make on money you’ve borrowed, such as credit card payments and personal loans
  • Any other outgoings, such as monthly travel or maintenance costs, council tax and insurance.

Apply online to change repayment type

Apply online to change repayment type and term

Over the phone

To apply with advice, call to book an appointment with a Mortgage Consultant. They will be able to talk you through your options and make recommendations based on your individual needs.

Monday to Friday, 8am to 6pm.

Saturday, 9am to 1pm.

Closed Sundays and bank holidays.

UK: 03457 30 20 11

In branch

While we need to keep each other safe by staying at home, we cannot accept applications in branch. For now, please call us to apply if you need advice. Or, if you're happy to apply without advice, you can apply online.

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