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Changing term of mortgage (The Coventry)

absolute0 Posts: 162 Forumite

10 March 2018 at 8:43PM edited 10 March 2018 at 9:10PM in Mortgages & endowments

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?

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Comments

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  Thrugelmir Posts: 89,546 Forumite

  

  10 March 2018 at 9:12PM

  The lender will perform an affordability check before agreeing to the request.

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  silvercar Posts: 50,451 Ambassador

  

  10 March 2018 at 9:31PM

  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?)

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