Money
Mortgage break fees
Introduction
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.