Depending on when your current rate ends, your first mortgage payment could be higher than your regular payments. This is because you might have spent some time on our variable rate (AMR). When we first get in touch with you about your current deal ending, we’ll give you the option of switching at the next available month, the end of your current deal, or for the 1st of the month that your current deal ends.
So, if for example your current deal ends on 10th, your payment for that month will include circa 20 days of the AMR variable rate before you then switch on 1st of the following month.
Please note: All our product switches start at the beginning of the month. So, If you’d like to switch your mortgage for the next calendar month, you’ll need to complete your product switch no later than 15 working days before your next direct debit date. We’ll then have enough time to set this up for you.