Enter the details
£
%
months
months
months
Enter the balance, rate, remaining term and new term. Add a grace period if you are taking one.
⟳New payment/ month
1,348.24£
Current payment1,741.63 £
Payment change-393 £
Extra interest+33,688 £
New total interest92,684 £
Estimate at a fixed rate. Restructuring changes your current contract (it is not refinancing). Extending the term lowers the payment but raises total interest; a payment holiday capitalises interest and grows the balance.
New payment 1,348 £ · Δ Extra interest 33,688 £