Will I be charged for paying off my mortgage early?

This depends whether your current deal has any Early Repayment Charges. Chances are of you are in an initial fixed or tracker rate you could very well have Early Repayment Charges and will be charged for paying off your mortgage early. If you are on the lenders variable rate then 99% of the time you will not be charged for paying your mortgage off. MOst lenders also charge a “closing administration fee” also which can range from £90 – £250 approximately. Either check your current mortgage offer or the easiest way is to call your current mortgage lender and ask.