Waiver of Early Repayment Charges in the last month of a product

From Saturday 1 June, we'll no longer apply Early Repayment Charges (ERCs) for overpayments in the last month of a product term.

This means your clients won't have to pay any ERCs in the last month of a deal if they make an overpayment. This removes the need to go onto the Standard Variable Rate to make an overpayment in excess of their allowance.

See our Overpayment criteria

Redemption Pipeline:

We no longer charge ERCs for clients redeeming their mortgage in the last month of their product term.

We'll review any pipeline redemption requests in line with this change as part of the account closure process. We'll issue a refund if due.

See our redemption criteria