Mortgage Rates

We offer a range of mortgages designed to suit you.

Helping landlords get ahead

Early Repayment Charges

An Early Repayment Charge (ERC) applies to fixed rate mortgages. The ERC is calculated as 1% of the amount repaid early, above any annual overpayment allowance, for each remaining year of the period during which the ERC applies, reducing on a daily basis. However, (after taking your allowance into account) a maximum 5% of your overpayment will be charged.

Pay your mortgage off early: An ERC is a charge you may have to pay if you repay the whole or part of your mortgage early. The ERC also applies if you switch your mortgage rate to another Alliance Surge Bank mortgage product.

You'll have an annual overpayment allowance (AOA) to enable you to make additional payments during the fixed rate period without incurring an early repayment charge. The allowance is equivalent to 10% of the outstanding balance of your mortgage calculated on each anniversary of the start of your fixed rate period. Anything over this will incur an early repayment charge.

Your mortgage illustration

  • This information does not contain all of the details you need, so remember to read your individual mortgage illustration before you choose a mortgage. To get your illustration, use Find and CompareFind and Compare This link will open in a new window, where you’ll have an option to generate an illustration for any of the mortgages shown.
  • Your mortgage illustration sets out the details of all associated rates and fees for a mortgage product. This is in the same format for all lenders to enable customers to easily compare products.
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