New mortgage repayment arrangement offered by lender

[Lillyrose]

recently offered new arrangement with lender over longer term. will my life cover have to be increased, also if my situation improves and can reduce my mortgage with a lump sum will I be hit for any charges as I should then be able to exit much earlier from mortgage term.

 

[Bronte]

Don't you think Lillyrose that we might just need a tad more detail. You've given practically zero. We can not see inside your head.

 

[elcato]

If the new arrangements are by SVR as oppose to a fixed rate then you can add lump sums but as Bronte states we need some more info on what he new terms are.