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Will I need to pay the early repayment charge if I move home?

If you are currently on a fixed or tracker rate deal, you can move your current rate to your new home without incurring an Early Repayment Charge (ERC). 

If you are borrowing the same or more than your current mortgage balance, the ERC will be refunded when you complete your new mortgage with us. If you are increasing your borrowing, the increased balance will need to be on a new separate rate.

If you are borrowing less than your current mortgage balance, then a pro-rated ERC will be applicable.

You can find full details of this in your existing mortgage Offer document.