Mortgage FAQs - payments
Do I receive a discount for paying by Direct Debit?
The Cheshire does not currently offer a discount to borrowers who pay their mortgage by Direct Debit although this is still the most convenient and efficient method of paying your monthly mortgage repayment.
What happens if I repay my mortgage early?
The charges that are made will depend upon the type of product you have chosen and when you decide to repay your mortgage. Some of our mortgage products may include an early repayment charge, more details are available in the product literature for each product.
You should first check with us to see if any early repayment charges will apply to your mortgage scheme as you may incur an extra charge for making a capital repayment in the early years of the loan.
What happens if I can't afford to make my monthly mortgage payments?
Please call us straight away. We will do all we can to help you overcome your difficulties and work with you to find a solution. With your co-operation we can develop a plan for dealing with your financial difficulties and clearing any arrears.
I pay my mortgage by Direct Debit. Can I change the payment collection date?
Please contact our Customer Contact Centre on 0800 195 1514 who will be happy to amend the payment collection date for you.
