As a group, you can pay up to 10% of your loan balance (the balance when your current fixed initial interest rate started) per year. Once you pass the 10% limit, we apply a fee to your payment called an Early Repayment Charge (ERC). Please refer to your Mortgage Pack or contact us if you'd like more information on this.

When you make an overpayment, we will confirm to you if you are nearing your limit, so there are no unexpected surprises. If a fee is applied, we will always show you the amount in the invoice prior to you making any payment.

For more information on Early Repayment Charges, read our helpful FAQ here.