Understanding mortgage maturity

Understanding mortgage maturity 

Mortgage maturity is the date that your mortgage is due to be paid off in full. For example, if you take out a 30 year mortgage on 1 January 1st, 2026 for 30 years, your mortgage maturity date would be January 1st 2056. 
 

Keep in mind this date can change if you adjust your mortgage term, remortgage, or release equity from your property.  

Can you change the maturity date? 

Yes - you may be able to change the maturity date by agreeing new terms with your lender.  
 

You might want to extend your mortgage term (and maturity date) to reduce your monthly payments. Or, if you're in a position to pay off your mortgage sooner, you could bring your maturity date forward to reduce the total interest you pay over the full mortgage term.  

When your Principality mortgage ends 

When your mortgage is coming to an end, we’ll get in touch - either by email or post. At that point, we'll let you know what's happening and what your options are.

You can check your mortgage maturity date by checking your mortgage documents or logging into your online profile.  
 

If you're thinking about extending your term or paying off your mortgage early, we're here to help. Get in touch with our mortgage team to explore your options.