Hi we have a variable mortgage with Halifax of Euro 114,000 taken out in Feb this year with 19 years left to run at 3.15%.We are in a position to pay Euro 10,000 off this mortgage thus reducing the repayment by approx Euro 58 per month over the term. Halifax charge a fee of Euro 95 to have the term of the loan reduced in line with the lump sum payment, is it better to pay this fee when paying a lump sum of the loan,thereby reducing the capital and also reducing the term of the loan? Do other lenders charge this fee? We have made lump sum payments to other lenders and were not charged to do so.