Early Redemption Penalties

This may be charged by a lender upon early repayment of the mortgage with them.

Before repaying your mortgage early it is suggested you review the terms of your Mortgage Offer, or conversely discuss the matter directly with your lender.

When setting your mortgage up in the first place it is important to review the redemption penalties proposed, to make sure that they are in line with your requirements. Your adviser will be able to explain this to you fully.