Mortgage Charter options

During the festive period, we're changing the times our phone lines are open. We've updated this page with our opening hours.

Here are the options available to you

Option 1

Switch to an Interest Only mortgage for six months

Some things to bear in mind:

  • Your monthly payments will reduce for a short period
  • Your payment will increase in 6 months and will be higher than your current payment
  • The overall cost of your mortgage will increase
  • As interest rates change your payment may change

Or

Option 2

Extend your mortgage term

Some things to bear in mind:

  • Your monthly payments will reduce
  • Your mortgage will take longer to pay off
  • The overall cost of your mortgage will increase
  • As interest rates change your payment may change

We won't provide any recommendations and won't assess your income and outgoings.

We'll provide clear information to help you make the right decision for you.

Step 1

Check eligibility

You're eligible to proceed online if:

  • Your mortgage payments are up to date  
  • The mortgage you want to change is secured on your residential home
  • Your mortgage is on capital and interest repayment method
  • For Term Extensions, your term must not extend beyond retirement (maximum retirement age 70)
  • Maximum term doesn’t exceed 40 years (Term Extension only and from the original mortgage start date)
  • You've made at least 1 mortgage payment

You need to speak to us first if:

  • Your current mortgage deal ends within 6 months
  • Your payment is not collected by Direct Debit 
  • If your mortgage has more than 1 part
  • You have a Shared Ownership mortgage and consent is needed from another party such as a housing association (Term Extension only)
  • You have less than 12 months remaining on your mortgage term
  • You're currently on a variable rate mortgage with no early repayment charges. A product transfer may be more appropriate for you

Our dedicated Mortgage Charter number is 0800 072 8738

Step 2

Apply online

We’ll need a few details from you about your existing mortgage so we can give you an example of what your payment could be.

Calculate and Apply will take you to a third party calculator for your example payment followed by a Leeds Building Society log in if you decide to proceed.

Calculate and Apply

Frequently asked questions

The mortgaged property (which may be your home) may be repossessed if you don’t keep up repayments on your mortgage.