This is normally shown as a percentage of the loan but can also be a fixed fee. They apply if you repay your loan during any special incentive periods (e.g. discount). Some products extend that time beyond the initial period so be aware.

Part payments can also sometimes trigger this, although most lenders allow a small percentage a year to be repaid without this happening.

Think carefully before securing debt against your home, your home may be repossessed if you do not keep up repayments on your mortgage.