Let's see which option could be best for you
We can help if you:
- Have a residential mortgage - this includes where an agreement is in place for buy-to-let mortgages where you are living in the property.
- Are currently up to date with your mortgage payments.
Choose a new mortgage deal in advance
If you have a Virgin Money, Clydesdale or Yorkshire bank mortgage, pick out a new deal up to 6 months before your current one ends.
Make interest-only payments
This means you're only paying the interest charges on your mortgage every month, not any of the original capital you borrowed.
Request an extension to your mortgage term
Increase the amount of time you'll have to repay the full amount of your mortgage
Questions and answers
Clydesdale Bank and Yorkshire Bank customers can find more information and apply on our dedicated switching pages:Clydesdale Bank customersClydesdale Bank Customers Link opens in a new window
Yorkshire Bank customersYorkshire Bank Customers Link opens in a new window
Virgin Money customers should give us a call on 0800 028 2518.
To switch your deal while you're making interest-only payments, you'll either have to stop making interest-only payments when your new deal starts, or start your new deal when your 6-month Mortgage Charter support period ends.
This may mean you move on to our Standard Variable Rate (SVR) in the interim period, and pay a higher rate of interest.
If your Direct Debit is due within the next 10 days, we may collect your current mortgage payment. Your new payments will begin the following month.
If you're making interest-onlu payments for 6 months, what you pay can change if:
- Your current mortgage deal comes to an end in that time.
- You're on a variable mortgage rate and we make a change to that rate.
We'll let you know about any changes in advance.