When we recalculate your standard monthly mortgage payment for a loan on a capital repayment basis, it must always be based on the term set out in your mortgage offer and/or mortgage illustration, so you always know the minimum standard payment you need to pay each month to ensure your loan is repaid by the agreed date.
If you currently pay interest only, your standard monthly payment will be the amount you need to pay each month to cover the interest that has accrued on the capital balance of your loan.
If you're making regular overpayments, you can always drop back to the standard monthly payment again if your circumstances change or if you have other priorities for your money.
If you wish to continue paying a higher amount so that your loan may be repaid sooner, you can do so by setting up a Flexible Payment Arrangement, or by increasing the amount of an existing one.
If you want to change a Flexible Payment Arrangement you should contact us on 03456 00 61 61* or visit your local branch. Some branches are open 6 days a week.
Please visit Existing HSBC Customers for additional information.