The three legs of the central figure represent a trinacria, or triangle, from the Greek name for Sicily, Trinakrias. The face in the centre was originally that of Medusa, but now has a softer look. In 2000 the Regional Government of Sicily officially adopted the flag and since then it has hung from all official buildings. Experience Sicily finest villas >> share:
You may have to pay an early repayment charge if you are making a lump-sum overpayment during an early repayment charge period. Your Key Facts Illustration and offer letter will tell you if early repayment charges apply and how long for. After the first year of your mortgage your annual statement will tell you this.n underpayment is where you pay less than your monthly payment. You're not allowed to make underpayments unless you have already made overpayments. You cannot underpay using any regular or lump-sum overpayments that we've already used to reduce your regular monthly payment or to reduce your mortgage term.
A variable mortgage rate is attached to Prime, which means it will fluctuate if Prime goes up or down. An open mortgage is one that can be prepaid anytime without penalty, but comes with higher rates. And a cash back mortgage gives you the option to borrow some extra cash when you buy your home. Fixed Variable Fixed-Open Variable-Open Cash Back Term: Term The mortgage term is the amount of time a home buyer commits to the rules, conditions and interest rate agreed upon with the lender. The term can be anywhere from six months to 10 years, with a 5-year mortgage term being the most common duration.