Frequently Asked Questions Index
- I want to pay a part of my mortgage early but I've heard that I wouldn't benefit until the end of year - is this true?
- I've got a mortgage with you and I am getting married, can I add my partner to my mortgage?
- Are there any other costs associated with my mortgage?
- What will happen when my current interest rate deal comes to an end?
- How will my mortgage rate change if the Bank of England base interest rate changes?
- I was expecting a bigger change in payment at annual review?
- When will I receive my Annual Mortgage Statement?
- What has happened to my mortgage with Bradford & Bingley?
- Will my mortgage rate be hiked up now the business does not need to be competitive?
- I have accepted a mortgage offer from Bradford & Bingley, and I am due to complete on my house purchase shortly. What should I do?
- I have an outstanding mortgage offer from Bradford & Bingley. Is it still valid?
- I have completed an application for a mortgage from Bradford & Bingley but have not yet received a response. What should I do?
I want to pay a part of my mortgage early but I've heard that I wouldn't benefit until the end of year - is this true?
No - You can make a capital repayment at anytime. For capital repayments over £500 your details will be automatically amended from the first of the month following your payment. A letter confirming the new details of your account will then be sent to you. For capital repayments of less than £500, no confirmation letter will be sent, but can be issued on request.
I've got a mortgage with you and I am getting married, can I add my partner to my mortgage?
Possibly, subject to status. If you contact our Lending Helpdesk on 0845 606 1414, they'll guide you through your options.
Are there any other costs associated with my mortgage?
Please see Fees & Charges page for a comprehensive explanation of all our fees ....and charges related to your account (requires Adobe Acrobat Reader).
What will happen when my current interest rate deal comes to an end?
You will revert to either our Standard Variable Rate or a Product Variable Rate, as stated in your mortgage terms and conditions. We may not necessarily be able to offer you the chance to switch from this rate to a new interest rate deal.
How will my mortgage rate change if the Bank of England base interest rate changes?
It depends on the type of interest rate that applies to your mortgage.
If a FIXED rate applies to your mortgage this will not change as a result of a change to the Bank of England base rate.
If a PRODUCT VARIABLE RATE (PVR) applies to your mortgage this will change by the same amount as the Bank of England base rate change. The change will take effect from the first day of the month following the Bank of England change. Any DISCOUNT that applies to your PVR rate will not change and the minimum rate that can be charged is 0%. We will write to customers who are affected by a change in their PVR rate within 2 weeks of the Bank of England base rate change to confirm their new interest rate and payment amount and by updating this website.
If a STANDARD VARIABLE RATE (SVR) applies to your mortgage this rate is not directly linked to the Bank of England base rate and is changed by Bradford & Bingley.
If any other rate applies to your mortgage please call us. The type of rate will be stated in your mortgage conditions.
I was expecting a bigger change in payment at annual review?
Your new interest rate will take account of all changes to our SVR up to 31st December. Details of changes in our SVR can always be found in the Interest Rate section of our website.
When will I receive my Annual Mortgage Statement?
If your account number is in the format 134 01_/________, you will receive your statement by the end of January.
If your account number starts 8_______, you will receive your mortgage statement in April.
What has happened to my mortgage with Bradford & Bingley?
Your mortgage remains in place on the terms agreed with Bradford & Bingley. You continue to owe the same amounts to Bradford & Bingley under your mortgage as you did before, and so you should continue to pay Bradford & Bingley in the usual way. Amounts due on the mortgage under direct debit or standing orders will be paid from your usual account to Bradford & Bingley.
The only change you will see is that you will no longer be able to go into a B&B branch to see a mortgage adviser to discuss your existing mortgage - instead, you can contact us on 0845 606 1414.
Will my mortgage rate be hiked up now the business does not need to be competitive?
Your mortgage will continue on its current terms and conditions.
I have accepted a mortgage offer from Bradford & Bingley, and I am due to complete on my house purchase shortly. What should I do?
Bradford & Bingley will honour all mortgage offers it has issued. If you are one of those customers, then you do not need to worry – you will be able to complete your house purchase and you will owe Bradford & Bingley the relevant amount under your mortgage. You should put in place appropriate arrangements to make mortgage repayments to Bradford & Bingley, together with any other financial arrangements which may be relevant.
I have an outstanding mortgage offer from Bradford & Bingley. Is it still valid?
Yes. If you have already received a mortgage offer from Bradford & Bingley, it remains valid.
I have completed an application for a mortgage from Bradford & Bingley but have not yet received a response. What should I do?
Unfortunately, Bradford & Bingley is no longer offering new mortgages. If you have not received a response from Bradford & Bingley, then it is likely that no mortgage offer has been made.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.