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Early Repayment Charge

Many special schemes and rates carry a Early Repayment Charge. These are simply a "fine" payable to the lender should you redeem (in some cases part redeem) a mortgage during the duration of the scheme and sometimes for a period over and above the scheme date.

SafeGuard Financial Services always attempt to obtain schemes with little or no Early Repayment Charge.

However, to take advantage of the better rates available Early Repayment Charges do exist.

Your home may be repossessed if you do not keep up repayments on your mortgage.

A fee may be charged for advising on or arranging mortgages of between 1 and 3% of the sum borrowed. The exact amount will depend upon your circumstances but we estimate it will be 1% of the loan amont.

The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.