If your customer switches their loan to another lender, a different mortgage deal with us or repays it in full before the end of the fixed rate term, they'll have to pay an early repayment change equal to:

5% of the excess overpayment in year one
4% of the excess overpayment in year two
3% of the excess overpayment in year three
2% of the excess overpayment in year four
1% of the excess overpayment in year five

Any amount repaid over 10% of the mortgage completion balance will incur an early repayment charge equal to:

5% of the excess overpayment in year one
4% of the excess overpayment in year two
3% of the excess overpayment in year three
2% of the excess overpayment in year four
1% of the excess overpayment in year five