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	What are mortgages?
	Types of mortgage
	Interest rates
	How much can I borrow?
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	How is my application assessed?
	What things to look out for?
	Glossary of terms

Home - Compare Mortgages - UK Mortgage applications - How much can I borrow? - How interest rates are charged

Redemption penalty

This is becoming a less regular occurrence than it once was, but is still applicable to many mortgage deals available today when you find mortgage deals. The redemption penalty is a fee that is sometimes levied if a borrower repays or switches mortgage providers within a certain period of time. Ask the question at the time of your mortgage application UK.

Types of UK mortgages

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How my application is assessed

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What if I want to pay it back early?

What things should I look out for?

Glossary of Terms