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  • Trying to google for the scenario but not getting anything. I'm sure it is just a case of them saying, "nah, ERC on the full balance" but I'm wondering why nobody else seems to have thought of this. Am I peculiar? Does it make sense to anyone else?

  • I'm with YBS, just been through our paperwork and our ERC is calculated on the remaining balance on the account and not the start of the year balance.

  • Yes, the ERC is. But the overpayment allowance is usually (as is the case with Halifax) based on the start of the year.

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