Yes, you may be able to change your loan repayment amount - but this may require us to set up a new loan for you.
Whilst we don’t change existing loan terms, we would consider making changes as part of a new loan agreement. This would mean a change in your monthly payments and may also attract early repayment/settlement charges, in addition to any arrangement fees for the new loan.
You may make overpayments on your loan at any time, or repay it in part or in full before the end of the Agreement period. We may charge a fee to meet our administrative costs to support early repayment, including if you wish to amend your monthly payments following the overpayment.
For Fixed Rate Loans, this may include a breakage cost to cover any loss or expense suffered, sustained or incurred by us in liquidating, cancelling or reallocating all and any loans, deposits or other forms of hedging arrangement obtained by us to fund the Loan.
If you need further information, please contact your Oxbury Relationship Manager or email us on lending@oxbury.com.