Early Redemption Charge

Jargon Buster
Discount Rate
15th May 2019
Equity
15th May 2019

If you pay off your mortgage in full or make overpayments in excess of the amount agreed by your lender at the outset you may be asked to pay an early repayment charge by your lender.

This charge is raised in order to recover any losses or costs incurred by your lender as a result of your early payment.

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