ERC's - BTL
If you make an overpayment within your fixed-rate period above the overpayment limit allowed in each 12 month period, an early repayment charge will be payable.
You can make overpayments of up to 10% of the outstanding loan balance in each 12-month period with no early repayment charge.
ERC's - Residential
Overpayments of up to 10% of the mortgage balance outstanding can be made each year without
incurring any early repayment charges. An early repayment charge may apply if you repay more than 10% in any one year or if you repay your fixed-rate mortgage early in full.
Early repayment charges are worked out based on which year you are into your fixed term. We include a guide to overpayments within your mortgage illustration and offer.
How much is the charge?