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Are banks gouging consumers with early-repayment charges on mortgages? We investigate.

Mortgage rates have been rapidly heading south since mid-2008. So homeowners locked into fixed-rate mortgages paying 9% or more are feeling hard done by. But getting out of a fixed-rate mortgage early can be expensive - and we're getting plenty of complaints that banks are being greedy. It's time to kill a few myths.

New - use our break fee calculator to see what your bank might charge you or find out what you might gain if you break your fixed-rate mortgage.

Highlights of this report


Bank fee myths


3 myths about the fees banks charge Read more

Will I be better off?


It's not always best to break a fixed-rate mortgage Read more

Are we being ripped off?


The banks' calculations reflect their actual losses Read more

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