Building long-term relationships with our customers

Sometimes you may wish to change the structure of your mortgage. You may want to amend the term, make regular or lump sum overpayments or convert your mortgage from an interest only to repayment basis (or vice versa). Your mortgage adviser will be best placed to guide you on how this can be achieved.

Sometimes there are situations where you would like to add someone to the mortgage and the ownership of the property and equally when you may need to remove a borrower/owner. In both scenarios your current lender or a new lender will need to agree to the changes. At Chartwell Funding all our advisers are experienced in the lenders up to date criteria and will be able to advise as to whether it will be acceptable and who can assist.

If you are looking to move home midway through a product period, it is likely that you will have early repayment charges if you redeem the mortgage. It may be in your interests to take your new mortgage with you to the new property (known as porting) and then effect any additional borrowing on a new rate with your current lender. This will avoid the payment of the early repayment charge; however, it does depend on your current product specifics as to whether this is the best advice. Your mortgage adviser will be able to calculate the most economical option for you and advise on the benefits of keeping or changing your current mortgage.