It is a fee you might have to pay your lender if you want to end your mortgage deal before the agreed end date. Not all mortgages have an ERC, and those usually reduce the closer you get to the end of the agreement.
It is a fee you might have to pay your lender if you want to end your mortgage deal before the agreed end date. Not all mortgages have an ERC, and those usually reduce the closer you get to the end of the agreement.