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Can you change mortgage lender with early repayment charges?

Remortgaging can save you money even when you take into account the early repayment charges that may be incurred. Most lenders will offer discounts or even pay your charges to get you to move your mortgage to them. This calculator will help you work out what deal you need to get in order to make it worth while.

Your details

Current mortgage balance

 

Current interest rate

 

What is the early repayment charge you have to pay? My penalty is a percentage

 

How long until the charge ends?

Years: Months:

Do you want to add this charge to your new mortgage?

In order to save your penalty, you need to achieve between:

% (if the lender pays your fees*) and % (if you have to pay the fees*)

*such as valuation, legal and application fees.

Popular Fixed Rate Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
TSB Direct 2 Year Fixed £995 Fee Purchase
Fixed
1.29%
Fixed until 30/06/2019
3.74% (variable)
3.50%
60%
£995
Call Direct0808 252 0479 Enquire
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 3.00% of loan amount redeemed to be paid until 30-Jun-2018; then 1.00% of loan amount redeemed to be paid until 30-Jun-2019
Royal Bank Of Scotland Direct 2 Year Fixed £995 Fee Io Purchase
Fixed
1.41%
Fixed until 31/08/2019
3.75% (variable)
3.50%
60%
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
NatWest Direct 2 Year Fixed £995 Fee Io Purchase
Fixed
1.41%
Fixed until 31/08/2019
3.75% (variable)
3.50%
60%
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
NatWest Direct 2 Year Fixed £995 Fee Io Purchase
Fixed
1.42%
Fixed until 31/08/2019
3.75% (variable)
3.50%
75%
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 25%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019

Popular Tracker Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
TSB Direct 2 Year Tracker £995 Fee Remortgage
Tracker
1.19%
0.69% above Bank of England base rate
3.74% (variable)
3.40%
60%
£1,995
Call Direct0808 252 0479 Enquire
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 3.00% of loan amount redeemed to be paid until 30-Jun-2018; then 1.00% of loan amount redeemed to be paid until 30-Jun-2019
Royal Bank Of Scotland Direct 2 Year Tracker £995 Fee
Tracker
1.59%
1.09% above Bank of England base rate
3.75% (variable)
3.80%
60%
£995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019
NatWest Direct 2 Year Tracker £995 Fee Existing Borrower
Tracker
1.59%
1.09% above Bank of England base rate
3.75% (variable)
3.80%
60%
£1,495
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019
Royal Bank Of Scotland Direct 2 Year Tracker £995 Fee
Tracker
1.79%
1.29% above Bank of England base rate
3.75% (variable)
3.80%
70%
£995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 30%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee cannot be added to loan
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019
NatWest Direct 2 Year Tracker £995 Fee Io Purchase
Tracker
1.79%
1.29% above Bank of England base rate
3.75% (variable)
3.90%
70%
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 30%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019

Popular Remortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
NatWest Direct 2 Year Tracker £995 Fee Remortgage
Tracker
1.59%
1.09% above Bank of England base rate
3.75% (variable)
3.70%
60%
£1,495
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019
NatWest Direct 2 Year Fixed £995 Fee Io Remortgage
Fixed
1.80%
Fixed until 31/08/2019
3.75% (variable)
3.60%
60%
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £2,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019

Popular Offset Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
NatWest Direct Offset Term Flexible £499 Fee Remortgage
Tracker
4%
3.5% above Bank of England base rate
3.75% (variable)
3.80%
80%
£499
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers NO
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge
NatWest Direct Offset Term Flexible £499 Fee Purchase
Tracker
4%
3.5% above Bank of England base rate
3.75% (variable)
3.70%
80%
£499
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge

Popular First Time Buyer Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
Royal Bank Of Scotland Direct Ftb 2 Year Fixed No Fee
Fixed
2.31%
Fixed until 31/08/2019
3.75% (variable)
3.60%
80%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee cannot be added to loan
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
NatWest Direct Ftb 2 Year Fixed No Fee
Fixed
2.31%
Fixed until 31/08/2019
3.75% (variable)
3.60%
80%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 20%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
Royal Bank Of Scotland Direct Ftb 2 Year Fixed No Fee
Fixed
2.87%
Fixed until 31/08/2019
3.75% (variable)
3.70%
90%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 10%
Max Mortgage Amount £550,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee cannot be added to loan
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
NatWest Direct Ftb 5 Year Fixed No Fee
Fixed
3.57%
Fixed until 31/08/2022
3.75% (variable)
3.90%
85%
No Application Fee
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 15%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 5.00% of loan amount redeemed to be paid until 31-Aug-2018; then 4.00% of loan amount redeemed to be paid until 31-Aug-2019; then 3.00% of loan amount redeemed to be paid until 31-Aug-2020; then 2.00% of loan amount redeemed to be paid until 31-Aug-2021; then 1.00% of loan amount redeemed to be paid until 31-Aug-2022
TSB Direct 2 Year Fixed £995 Fee Purchase
Fixed
3.58%
Fixed until 30/06/2019
3.74% (variable)
3.90%
95%
Call Direct0808 252 0479 Enquire
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 5%
Max Mortgage Amount £250,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee cannot be added to loan
Early Repayment Charge 3.00% of loan amount redeemed to be paid until 30-Jun-2018; then 1.00% of loan amount redeemed to be paid until 30-Jun-2019

Popular Buy to Let Mortgages

Lender
Mortgage Name
Type
Initial Rate
Offer
Subsequent Rate
Cost for Comparison
Loan to Value
Fees
Get Quote
View Full Table >
Royal Bank Of Scotland Direct Btl 2 Year Tracker £1995 Fee
Tracker
1.88%
1.38% above Bank of England base rate
3.75% (variable)
4%
60%
£1,995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019
NatWest Direct Btl 2 Year Tracker £1995 Fee Purchase
Tracker
1.88%
1.38% above Bank of England base rate
4.25% (variable)
4.40%
60%
£1,995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan provided normal lending limits are met
Early Repayment Charge 1.00% of loan amount redeemed to be paid until 31-Aug-2018; then 0.50% of loan amount redeemed to be paid until 31-Aug-2019
Royal Bank Of Scotland Direct Btl 2 Year Fixed £1995 Fee Purchase
Fixed
1.95%
Fixed until 31/08/2019
3.75% (variable)
3.90%
60%
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
Royal Bank Of Scotland Direct Btl 2 Year Fixed £1995 Fee Remortgage
Fixed
1.99%
Fixed until 31/08/2019
3.75% (variable)
3.90%
60%
£1,995
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage YES
First Time Buyers YES
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £3,500,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 2.00% of loan amount redeemed to be paid until 31-Aug-2018; then 1.00% of loan amount redeemed to be paid until 31-Aug-2019
TSB Direct Btl 3 Year Fixed £995 Fee Purchase
Fixed
2.29%
Fixed until 31/07/2020
4.59% (variable)
4.20%
60%
Call Direct0808 252 0479 Enquire
[+] View More
Application Criteria Fees and Charges
Existing Customers Only NO
Existing Borrowers Only NO
Remortgage NO
First Time Buyers NO
Home Movers NO
Minimum Deposit 40%
Max Mortgage Amount £1,000,000
Shared Ownership NO
Overpayments? YES
App Fee - Application Fee can be added to loan without conditions
Early Repayment Charge 3.00% of loan amount redeemed to be paid until 31-Jul-2019; then 1.00% of loan amount redeemed to be paid until 31-Jul-2020

Your home may be repossessed if you do not keep up repayments on your mortgage. The rates and products displayed within these tables are updated on a regular basis however due to the dynamic nature of the market some product details and rates may be out of date. We therefore do not take any responsibility for the accuracy of the information supplied within the table although we will always make our best endeavour to ensure that the information provided is as accurate as possible. You should always check rates and terms with the product provider. The telephone-based mortgage advice service is provided by TurnKey Mortgages Limited. Registered office: St Crispins House, Duke Street, Norwich NR3 1PD. TurnKey Mortgages Limited are authorised and regulated by the Financial Conduct Authority. Their FCA number is 537424.