Three-month payment break
If you run into extra expenses in a year, like the birth of a child or school fees, you can choose to take a 3-month payment break up to three times over the life of your mortgage.
How does it work?
To qualify, you must:
- Have had your mortgage for at least 2 years on your main residence (or 2 years since your final drawdown if taken in instalments).
- Wait at least 12 months between payment breaks.
- Comply with all the terms and conditions of the mortgage.
When you apply, we’ll send you a ‘Mortgage Form of Authorisation’ with full payment break terms and conditions for you to sign and return to us.
Request a payment break
Please note:
At the end of the payment break, your repayments will be adjusted to ensure your mortgage is repaid within its original term. This means your new repayments will be higher than they were before the payment break. Applications are subject to approval. Available on your principal private dwelling only. Only available on annuity (standard capital and interest) repayment mortgages. Qualification criteria and terms and conditions apply.