You are reading a single comment by @user16171 and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
Dramatic_Hammer
@user16171
Amount remaining on the borrowed amount, but maybe a fee for breaking a fixed term if you have one.
e.g. - We borrowed £230k to buy our old place. We sold our old place two years later. Our payments over two years had reduced the borrowed amount to £220(ish). We paid that back, plus £6k for ending the 3 year fixed mortgage arrangement after 2 years.