A fee that may apply when a borrower repays all or part of a mortgage during a specified period, typically calculated as percentages stepping down over time.
By Justin Whitelock
Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)
A fee that may apply when a borrower repays all or part of a mortgage during a specified period, typically calculated as percentages stepping down over time.