End of your mortgage term

What happens next

We take you step-by-step through what happens when your mortgage term ends.

What happens when your mortgage term ends

First of all, congratulations! Making the final payment on your mortgage is a huge achievement and a moment that should be celebrated.

There’s very little you need to do, but we’ve outlined below what happens when your mortgage is coming to an end.

  1. Around six weeks before your mortgage term ends, we’ll send you a final redemption statement, which outlines everything left to pay on your mortgage in the final month. You can see this whenever you like in Online Banking or in the Barclays app. If you’re not registered for these services, you can ask for a final redemption statement by calling us on 0800 022 40221 or visiting a branch.
  2. If you make your mortgage payments by Direct Debit, we’ll collect the final payment on the usual date and cancel your Direct Debit. If you pay by standing order, you should cancel this once your final payment is made.
  3. If there’s any credit on your mortgage, we’ll refund this to you within 15 working days.
  4. We’ll release the charge held on your property within 30 days of your mortgage being completed. You’ll receive a deed letter with the charge release confirmation, which you should sign and return to us, confirming where the deeds should be sent to.

After you’ve paid off your mortgage

If you’re thinking about property investment, your retirement or helping a family member get on the property ladder, we can help you with this.

Buy-to-let mortgages

Whether you’re thinking about buying to let or expanding your property portfolio, explore some mortgages, tips and insurance deals to help with your plans.

Planning your retirement

Whether you’re just starting to plan for it or already there, we’re here to help with a range of guides and services designed to help you get the most from your retirement.

Family Springboard Mortgage

You could help a family member with the deposit towards buying their own home and get your money back with interest through our Family Springboard Mortgage.