Britannia

Is all or part of your Britannia mortgage held on an interest only basis? If so, it is important to plan how you will repay the outstanding balance on your mortgage at the end of its term.

Don’t delay - the sooner you take action the better. There are a number of ways to close the gap between your outstanding mortgage balance and the value of your current investment, e.g. An investment (usually an ISA, endowment policy or pension) which is used to repay an interest only mortgage at the end of the term. The following options are also available:

You may wish to refer to information from the  Money Advice Service  website which can give you advice on how to make up a shortfall on your mortgage.

Please remember it is your responsibility to ensure that you have enough funds to repay your mortgage at the end of the term.