Frequently Asked Questions
The links below provide answers to the most common questions relating to Holmesdale mortgages.
Subject to terms and conditions, the minimum amount required for a capital repayment is £500. Some of our mortgage products allow you to make overpayments of 10% or less of your original mortgage balance per mortgage anniversary year without incurring an Early Repayment Charge (ERC).
Details of any Early Repayment Charges applicable to your mortgage will be given in product literature, the Key Facts Illustration and your mortgage offer.
You can make a capital repayment at our branch, by sending a cheque to our head office or via Bank Transfer (for bank details please contact us on 01737 232310). Cheques should be made payable to the account holder, quoting your account number on the reverse and indicating the payment is for a capital repayment.
Interest is recalculated the day after the capital repayment is made and we will reduce your payment the following month.
Our interest is calculated on a daily basis. Please refer to your Mortgage Illustration/Offer for details.
You must gain consent to let your property. Failure to do this could mean you are in breach of your mortgage Terms & Conditions.
To find out if you are eligible and whether the terms of your mortgage will be affected, call our mortgage team on 01737 232310. Lines are open between 9am and 5pm Monday to Friday.
If you are worried about keeping up your monthly repayments you should talk to us straight away so that we can discuss the options available to you. Please contact our mortgage team on 01737 232310. We are open Monday to Friday from 9am to 5pm.
We are currently accepting payments on the 1st, 10th and 20th of the month. Our Direct Debit mandate is available to download here.
An Interest Only option will only be considered by the Society if there is a suitable repayment strategy in place. Contact the Holmesdale to discuss the acceptable repayment strategy options and the affordability of your particular enquiry.