Redemption penalties - If you want to pay off your mortgage early, you may have to pay a fee during the early years of the loan. The fee may be equivalent to a certain number of months" interest, or it could be a percentage of the loan. Some lenders only charge a redemption penalty during the time of the special deal they offer. Others may tie you in for a number of years afterwards. If you think you may want to repay early, check what conditions apply before you decide which type of mortgage you want
Redemption penalties : if you want to pay off your mortgage early, you may have to pay a fee during the early years of the loan. the fee may be equivalent to a certain number of months" interest, or it could be a percentage of the loan. some lenders only charge a redemption penalty during the time of the special deal they offer. others may tie you in for a number of years afterwards. if you think you may want to repay early, check what conditions apply before you decide which type of mortgage you want
Redemption penalties