Home Help Coronavirus Financial support Mortgage support Mortgage Term Extension calculator Current Page

Mortgage Term Extension calculator

Our calculator can indicate what your new monthly mortgage payments will be.

Work out your likely future monthly payments if you’re considering extending the term (length) of your mortgage by up to 6 months.

Before you get started

Switching rates 
The calculator assumes that the interest rate will remain the same throughout your loan term. If you have a first direct Standard Variable Rate, a rate switch could help reduce your monthly payments - please visit our mortgage rates page for more information.

Information you'll need
The calculator asks for your outstanding loan balance, current interest rate and the term (length) that is left on your mortgage. These can be found on your annual statement, on your end of payment holiday letter, by logging on to online banking or in the mobile app.

Important to know
The information provided by this calculator is a guide and should be used for indicative purposes only.
If you have more than one loan part, you will need to use the calculator for each loan part.
For Offset Mortgages the calculation doesn’t take into account the benefit of any credit balances held in any linked accounts.

In response to guidance provided by the Financial Conduct Authority, we're no longer offering payment holidays and payment holiday extensions. However, we are continuing to provide support to customers who are financially affected as a result of the Coronavirus in a way that is tailored to their financial circumstances.

You should only use this calculator if you are considering extending the term (length) of your mortgage with a view to reducing your new monthly payments.

Can't see the calculator?

Some web browsers are unable to display the calculator. Please call us on 03 456 100 103 (lines open Mon to Sat 8am to 8pm and Sun 9am to 8pm). We can provide you an indication of your monthly payments if you’re considering extending your mortgage term at the end of your payment holiday. 

Next Steps

If you can afford to, we strongly recommend continuing or resuming your mortgage payments so you don’t accrue more debt. If you decide not to, see your options below.

If you want to extend the term (length) of your mortgage
If you have taken a mortgage payment holiday and would like to apply to extend the term (length) of your mortgage, see how to apply.

Review your end of payment holiday options
If you have already taken a payment holiday and have received a letter detailing your new monthly payments, see your options.

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.