Is an ERC paid via a remortgage if changing lender or do you have to pay separately yourself?

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500 Posts Third Anniversary Name Dropper
Thanks, just wondered if its included in the remortgage balance, moving to HSBC


  • JMA74JMA74 Forumite
    218 Posts
    100 Posts Name Dropper
    included in the balance.  You apply for an amount that you owe now but hsbc are unique in that they will only release the exact amount required to redeem the mortgage
    I am a Mortgage Adviser 
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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