Cryptocurrency Q&A
How do I get out of paying ERC?
How do I get out of paying ERC?
CryptoMystic
Thu Apr 10 2025
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6
answers
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I want to know if there's a way to avoid paying the ERC. I'm looking for methods or strategies that can help me get out of this payment.
6 answers
Nicola
Sat Apr 12 2025
Yet, there are situations where the ERC might not be as detrimental as it initially seems.
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SkylitEnchantment
Sat Apr 12 2025
For instance, if the ERC is lower than the interest rate on your current mortgage deal, it might be worth considering paying it.
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IncheonBeautyBloom
Sat Apr 12 2025
Paying the Early Repayment Charge (ERC) is often inevitable when it comes to mortgages.
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MysticMoon
Sat Apr 12 2025
Another scenario where the ERC could be worth paying is when switching to a cheaper mortgage. In such cases, the savings from the lower interest rate could outweigh the cost of the ERC over time.
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CryptoLodestarGuard
Sat Apr 12 2025
Waiting until the mortgage deal ends is one way to avoid incurring this fee, assuming no other charges apply.
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