Remortgage - Early Repayment
If your client repays the loan or makes an overpayment of more than £500 per month within the initial fixed or tracker term, within the first 5 years of a Lifetime tracker, or within the first 10 years of the 25 year fixed, an early repayment charge will be payable on the entire overpayment amount. The percentage charge 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.
