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“ If an early repayment charge is applicable then it will be a percentage of the amount you pay off, so for example if the early repayment charge is 3% and you paid off £10,000, your erc would be £300, and then if you made the same payment in 6 months then again it will be another £300. Ou...

Is ERC charged every time overpayment is made? SuzieGirl

Hi all I have worked out that paying a large lump sum off my mortgage now will be worth paying the ERC rather than keeping it in the bank. What I want to know is, if I decided to pay another overpayment or even remortgage elsewhere during my current mortgage deal will I pay the ERC again? Thanks for...

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