Fees and Charges - Early Repayment
If your client repays the loan or makes an overpayment of more than £500 per month within the initial term, or within the first 10 years of the 25 year fixed rate, or within the first 5 years of a Lifetime tracker, an early repayment charge will be payable on the entire overpayment amount. The percentage charge payable is detailed in the table below:
| Deal Term | Percentage Payable |
|---|---|
| 2 year (fixed) | 2.0% |
| 2 year (tracker) | 1.5% |
| 3 year (fixed) | 4.0% |
| 3 year (tracker) | 1.5% |
| 5 years | 5.0% |
| 10 years | 6.0% |
| 25 years | 6.0% (for 10 years) |
| Lifetime | 3.0% (for 5 years) |
With our tracker mortgages you have the option to switch to one of our fixed rate mortgages at any time without paying early repayment charges on the tracker mortgage.
