Early loan repayment and additional borrowing

Settlement figures

To request a settlement figure for your unsecured loan, just call our Customer Services team anytime on 0800 13 25 59.  Lines open 7.30am to 10.30pm Monday to Friday and 9am to 4.30pm weekends. We'll then post a settlement figure to you. Alternatively, you can send a request by post to:

Bank of Scotland plc

Settlements Dept

PO  Box 548

Lovell Park

Leeds

LS1 1WU

The amount you have agreed to pay us includes interest charged to the end of the loan term.  When you make a payment, you'll only have to pay a proportion of the interest still owing. This is because the settlement figure is calculated with the benefit of a statutory rebate of interest that you are entitled to when repaying your loan early.

There is no charge for repaying your loan early, but as described above you'll pay a proportion of the interest that would have been paid.

Finding out the amount left to pay on your secured loan (Further Advance)

If you're already registered for our online service, just add your mortgage on to My accounts, and the balance will be shown on the Account Summary screen. This is not a final settlement figure - for an exact figure, call 08456 03 03 52* (Lines open 8am to 8pm Monday to Friday, and 9am to 4pm on Saturdays) and one will be posted out to you.

Borrowing more money on an existing Halifax mortgage

As an existing customer you can apply for a Further Advance on your mortgage and the monthly payments will be included with your regular monthly mortgage payment (subject to acceptance).  

Lump sum partial repayments

You can pay off lump sum amounts towards the outstanding unsecured loan balance, but you will only be eligible for a statutory rebate of interest if you pay the balance off in full.

Send your cheque, payable to Bank of Scotland Plc with your name and agreement number written on the back of the cheque to:

Bank of Scotland plc

Completion Centre

4th Floor Premier House

Charterhall Drive

Chester

CH88 3AN

The amount of your monthly repayment and the total amount to pay under the loan will stay the same but due to your part repayment you will repay the total amount repayable under the loan sooner.

Additional unsecured loan borrowing

You can have up to four separate unsecured loans with us at any time subject to your financial status and ability to repay.

If you have an existing unsecured loan you may be able to borrow more by taking out a new loan that can be used to repay your current loan and leave you with cash to spare, however this depends on how long you've had your existing loan.

For more information, call our Customer Services team on 08457 44 44 55* .  Lines open Mon-Fri: 8am-10pm, Sat 8:30am-6pm, Sun 9:30am-5:30pm.