Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • foxtrot_mike
    • By foxtrot_mike 15th Sep 18, 1:44 PM
    • 100Posts
    • 31Thanks
    Early Repayment Fees In Variable Rate Mortgage
    • #1
    • 15th Sep 18, 1:44 PM
    Early Repayment Fees In Variable Rate Mortgage 15th Sep 18 at 1:44 PM
    I am very shortly due to begin my first step on the way to becoming Mortgage Free.

    I have looked into Making an Additional Payments under the 10% Penalty Free which is fine

    But it might be that i could wait until next October, when my Fixed Rate Term Ends and I would like to have an idea what the banks usually offer in terms of Early Payment Fees when not on a Fixed Rate Plan, is is usually a similar fee anyway, less or more?

    Another option would be for me at the time to remortgage to borrow less, but again i'm not sure if i can do this without paying an Early Repayment fee.

    If the Early Repayment Fees are indeed based on a percentage, making overpayments now in readiness for Oct 2019 would that mean it would reduce the fee i would pay if i choose to do that and see it as the best option from an informed decision.

    I am with the Halifax
Page 1
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

166Posts Today

1,602Users online

Martin's Twitter
  • RT @paullewismoney: People who were students 1990-97 are being offered the chance to pay off half their unpaid student loan and the other h?

  • As normal I am signing off twitter for the weekend - to spend time with mini and Mrs MSE. Hope you have a wonderfu?

  • RT @LauraFrancis9: Top crew! We may film in the freeeeeeeezing cold every week, but this bunch make it fun. (And huge thanks as always to @?

  • Follow Martin