We know that circumstances can change from time to time, that's why our Cambridge Variable Mortgage comes with a range of flexible features as standard. So, whatever your needs, you now have more control over your payments in the long-term.

Overpayments
With our Cambridge Variable Mortgage, overpayments - large or small - can be made at any time. You can make extra payments either on a regular basis, by setting up a standing order or other transfer; or you can make a one off extra payment either by transfer or by payment at your local branch.

By making overpayments on your mortgage you can benefit in a number of ways.

• Any overpayment you make will be deducted from your balance on the same day and your interest adjusted - allowing you to benefit immediately.
• By making extra payments to reduce the balance, the daily interest charged to the loan will also reduce, which will mean that you can repay the loan more quickly.
• Alternatively, you can let your overpayments build up and request a refund at a later date.
• Or you can use your overpayments to fund a payment holiday in the future - just when you need it.

Refunds
You can request a refund for all, or part of the overpayments you have built up on your Cambridge Variable Mortgage. We can usually arrange this for you within 14 days from your request.

Payment Holidays
You can also arrange a payment holiday for up to 12 months, depending on the overpayments you have built up.

You will need to have overpaid your loan by at least one month's minimum monthly payment before we can agree to a payment holiday.

During the payment holiday we will continue to charge interest to your account and your overpayments will be used to maintain the minimum monthly payment.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.