End of the fixed-rate period

Look at your options

Selecting a new mortgage interest rate and fixed-rate period

If the fixed-rate period for your mortgage is about to expire, the time has come to select a new interest rate and consider making any other changes to your mortgage. Three months before the end of your fixed-rate period, you will automatically receive a new interest offer. You can accept this new interest rate, but it would be much wiser to use it as an opportunity to take another critical look at your mortgage and consider your options.

Choosing a new mortgage interest rate

When your fixed-rate period is about to end, you could take that opportunity to take a fresh look at the type of interest rate you have. Do you like the certainty of a fixed rate of interest? Or would you prefer a variable interest rate, which could be low, but could also change on a monthly basis?

New fixed-rate period

It is fairly simple really, you can fix your interest rate for a short or a long period of time. When it comes to choosing a fixed-rate period, what matters is how long you want the certainty of knowing exactly how much you will be paying every month. As a rule of thumb, the longer the fixed-rate period, the higher the interest rate. On Internet Banking, you can see for yourself how much you would be paying every month with different fixed-rate periods.

Changing your mortgage type

Your personal situation and preferences may change. If they do, you can adapt your mortgage type accordingly. You could, for example, switch from an interest-only mortgage to an Level-Payment Mortgage or Straight-Line Mortgage. The end of your fixed-rate period can be the perfect opportunity to look into this.

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Have an ABN AMRO mortgage, but not an ABN AMRO current account?

If you also have your salary paid into an ABN AMRO current account, you will get a 0.20% discount on your mortgage interest. This is what we call our customer discount. To qualify for this discount, the account must be part of a payment package. The ABN AMRO customer discount only applies for fixed interest rates only, not for variable interest rates. The discount is applied at the start of a new fixed-rate period.

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Additional repayments

Once your fixed-rate period has expired, you can repay your mortgage without being charged a fee. If yours is an interest-only mortgage, you will pay off the remaining mortgage loan in a single lump-sum payment at the end of the term. That said, you can also start making additional repayments now to lower your debt.

Reasons for taking out a mortgage from ABN AMRO

Stay on top of your mortgage

Track your mortgage on Internet Banking or in the ABN AMRO app. It’s secure and easy.

Make changes to your mortgage yourself

From changing the interest rate to making additional repayments. Making changes to your mortgage couldn’t be easier. You can do it yourself online .

Help from an adviser

If you have any questions about mortgages, simply go online and schedule an appointment with an adviser through Video Banking or over the phone.