Mortgage Term Change Advice

Hi All! 

I am currently looking at reducing the term on a small mortgage balance. The query I have pertains to the early-repayment fee. 

If I was to overpay 10%+ then I would be subject to this fee.

However, if I was to reduce my term totalling an increase in repayments greater than this 10% would I also be liable for the early-repayment fee? I am keen to do this, however, I can't see much information regarding this.

Thanks in advance! 


  • MWT
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    Changing to a shorter term will also trigger the ERC...

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