I currently have a mortgage with HSBC and the ERC on it it 2% if paid two years early, 1% if paid off a year early and reducing every day so a month early would be 1/12 of 1% etc.
I am looking at moving and locking in a 5 year mortgage and can't find much on Santander's ERC. it says 5% but does that reduce overtime or is it still 5% if i repay it like a day early?
Can anyone advise?