I have read through all of the posts and am going to the bank tomorrow to get a redemption statement - I have just sold my house and was informed that i will need to pay the redemption penalty when i give the money back and then apply for a new mortage !... I knew it was there just wasnt sure how much it was - so i checked - and it makes my blood boil that they want that much for what....??? Could someone please repost the calculation for working out whats fair in redemption penalties. I have 30 more months to pay on a 36 month fixed rate mortgage ...so just want to be sure I am using the correct figures... and if I get them back i will contribute - promise..