![]() ![]() At the end of the agreed arrangement period, your mortgage repayments for the remaining term are recalculated which will result in your mortgage repayments increasing.Ĭapitalisation - If appropriate, your outstanding arrears may be added to the remaining capital balance, allowing you to repay them both over the life of your mortgage. If your payments are less than the interest amount due, your capital balance will increase. Moratorium - This arrangement allows you to defer paying all or part of your mortgage repayment (capital and interest) for a specified limited period of time. ![]() At the end of the agreed arrangement period, your mortgage repayments for the remaining term are recalculated which will result in your mortgage repayments increasing. More than Interest Only - This is an arrangement where you pay more than Interest Only, but not as much as your normal full repayments for a specified limited period of time. Your capital balance will not reduce during the arrangement period. Interest Only - This is where you pay only the interest on your mortgage for a specified limited period of time. What happens if we are unable to agree an alternative repayment arrangement with you?.The availability of the arrangements will depend on your individual circumstances and our assessment of your SFS.īelow you will find more information on the alternative repayment options that may be offered to you and what options are available to you where we are unable to agree an alternative repayment arrangement with you. What are the different Alternative Repayment Arrangements that may be offered to me?Īs part of the MARP, we have a number of Alternative Repayment Arrangements. ![]()
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