Early repayment charge

JM2194

Hi,

we are in the process of buying a new house, we bought our current house in January 2016, on a 5 year fixed rate. Am I right in assuming we still need to pay the 1% ERC if we wanted to move in before Christmas? 

Thanks for any help 

[Deleted User]

You'll pay the ERC specified in the terms. It could be a sliding scale.

davidmcn

Also check the exact date which is relevant, as it may well not be from the date of completion of your purchase. 

JM2194

Thank you both, I’ll dig out the paper work when I get home. Thanks again