Apply to make interest only payments

We just need a few details so we can process your request. It should only take a few minutes.

Before you start

We’ll ask for your mortgage plan number, so make sure you’ve got it to hand. You can find this in Online Banking or any letters or statements we’ve sent you about your mortgage.

Have you reviewed all your options?

If not, please read through all the information provided about each option before applying. It’s important you understand the impact this option could have on your mortgage.

When will my payments take effect?

Usually, your new reduced payment will start from the next month, but sometimes we don’t have enough time to change it. If this happens, your new payment amount will be taken the following month.

You can find your next payment date in Online Banking or your mortgage statement.

Examples of how this could work expandable section

Here are some examples of when your new interest only payments could take effect.

	Example 1	Example 2
Example 1 Next monthly payment	Example 2 01/09/2023	01/09/2023
Example 1 Date of application	Example 2 15/08/2023	27/08/2023
Example 1 Payment being processed?	Example 2 No	Yes
Example 1 First interest only payment	Example 2 01/09/2023	01/10/2023

Example 1

Next monthly payment

01/09/2023

Date of application

15/08/2023

Payment being processed?

First interest only payment

01/09/2023

Example 2

Next monthly payment

01/09/2023

Date of application

27/08/2023

Payment being processed?

Yes

First interest only payment

01/10/2023

About you

Your first name

Your last name

Contact number If this is a mobile number, it should start 07 – do not use the international code (e.g. +44)

Your mortgage plan number You can find this in Online Banking or any letters or statements we've sent you about your mortgage.

Your postcode

Before you submit this form, please confirm that:

You and anyone else named on this mortgage agree to the change.

You and anyone else named on this mortgage understand your monthly payments and total mortgage cost will increase at the end of the reduced payment period.

You and anyone else named on this mortgage are aware you will need to review any life insurance or critical illness policies covering the balance of your mortgage.

You're up to date with your payments and haven’t got an application to borrow more on your mortgage in progress.

You understand all the options available to you and the effect they could have on your account and future payments. You’ve chosen not to ask for extra support before applying to make interest only payments for six months.

There’s no need to call us

We’ll write to you and anyone else named on the mortgage at the address we have on our records to let you know if you can make interest only payments for six months.

Please don’t change your current payment amount until we’ve confirmed you can make interest only payments.

If you pay by Direct Debit:
We’ll reduce it automatically for you.

If you pay any other way:
You’ll need to change your payment instruction - we’ll let you know how much your new payments will be and the date they’ll start. You’ll need to remember to change it back once your reduced payments stop.

How we process your personal information

Your personal information will be held by Intelligent Finance, which is part of Lloyds Banking Group. More information on the Group can be found at www.lloydsbankinggroup.com. It’s important you understand how the personal information you give us will be used. Therefore, we strongly advise you read our full privacy notice, or you can ask us for a copy. If you have any questions or require more information about how we use your personal information, please contact us.

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