Understanding mortgage maturity

What mortgage maturity means 

Simply put, mortgage maturity is the date that your mortgage is paid in full. For example, if you take out a mortgage on 1 January 2020 for 30 years, your mortgage maturity would be 1 January 2050. 
 

Please note the maturity date may be subject to change if you amend the term of your mortgage, or release equity.  

Can you change the maturity date? 

You may be able to change the maturity date by reaching a new agreement with your lender.  
 

You might want to extend your maturity date if you want to reduce your monthly payments. Or you may consider bringing the mortgage maturity date forward to reduce the interest you pay over the full mortgage term.  

What happens when your Principality mortgage reaches maturity 

We’ll be in touch when your mortgage is reaching maturity either by email or post. You can check your maturity date by checking your mortgage documents or logging into Your Account.  
 

If you want to extend your maturity date or want to pay the remaining balance before the maturity date, book an appointment with an advisor who can help.