Fixed-rate mortgage

Default interest charged for a mortgage repayment at the end of the year

Category Fixed-rate mortgage | Source Annual Report 2018/08

The customer had a mortgage due for repayment on 31 December 2017 refinanced by another bank. The repayment was made on the first working day of the new year, in

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Early repayment penalty charge for mortgages redeemed early

Category Fixed-rate mortgage | Source Annual Report 2018/09

The customer took out a mortgage with the bank which was subdivided into multiple instalments. He repaid the mortgage early and the bank demanded that he pay early repayment penalties

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Early termination penalty in the event of the sale of condominium units

Category Fixed-rate mortgage | Source Annual Report 2017/04

The client owned a rental property comprising five rented apartments. In 2015, he took out a fixed-rate mortgage with the bank over ten years. One year later he informed the

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Early termination penalty for premature repayment of a fixed-rate mortgage

Category Fixed-rate mortgage | Source Annual Report 2017/03

The client sold his property. Since he was required to repay two current mortgages early, the branch of the bank dealing with his case asked him to pay high early

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