If you paid off an ERC....

mulderbauer

Simple question:

If an Early Repayment Charge is paid off in advance do you simply go onto the lenders variable rate?

Thanks

Fairwinds

Not necessarily. Nationwide won't ( or certainly wouldn't a couple of months back, when I was looking) give you another mortgage if you repay in full, hence you need to go to another lender.

mulderbauer

Ah, not the answer I was expecting and hoping for Gordon...... this mortgage is with the C&G.

Im sure the answer to another question is definately no then....! would they entertain adding an ERC onto the mortgage and letting you go onto their variable rate.....?

dimbo61

NO NO NO but nice try