Quote:
Originally Posted by temple5
I have heard that for most if not all Variable mortgages the payout penalty is 3 months interest - is this true?
Thanks
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Most of the ones I have seen have had the 3 months penalty.
I know I have seen some mortgages with 6 month penalties and IRD, and specifically with MRS Trust I have seen it where you cannot prepay at all unless you sell the property, mind you those were both fixed situations.