Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • absolute0
    • By absolute0 10th Mar 18, 8:43 PM
    • 148Posts
    • 18Thanks
    Changing term of mortgage (The Coventry)
    • #1
    • 10th Mar 18, 8:43 PM
    Changing term of mortgage (The Coventry) 10th Mar 18 at 8:43 PM
    I've been informed that the term of our mortgage can be changed at any time without incurring any fees (we are with the Coventry).

    Does anyone know if there are restrictions in doing this?
    Last edited by absolute0; 10-03-2018 at 9:10 PM.
Page 1
    • Thrugelmir
    • By Thrugelmir 10th Mar 18, 9:12 PM
    • 58,490 Posts
    • 51,853 Thanks
    • #2
    • 10th Mar 18, 9:12 PM
    • #2
    • 10th Mar 18, 9:12 PM
    The lender will perform an affordability check before agreeing to the request.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • silvercar
    • By silvercar 10th Mar 18, 9:31 PM
    • 37,227 Posts
    • 156,855 Thanks
    • #3
    • 10th Mar 18, 9:31 PM
    • #3
    • 10th Mar 18, 9:31 PM
    Do you mean that you can change the payments in order to clear the mortgage early? (Rather than formally change the end date of the mortgage?)
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

424Posts Today

5,747Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line?

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin