Fixed-rate loans have special conditions that make them a little less flexible than ordinary home mortgages. If you terminate the loan during the lock-in period, charges may apply, and you cannot increase or pay off the loan as it suits you. If you make changes or terminate the fixed-rate loan before the agreement period ends, the bank will make a calculation which may mean that you have to pay the bank a so-called premium (or penalty). This is done to ensure the bank does not lose any money as a result of the change. This would be the case when the interest rate level for new fixed rate agreements falls to below the fixed rate you have on the loan. On the other hand, you may get money back from the bank (discount). The right to any interest rate gain (discount) only arises when the loan has had a fixed interest rate for an uninterrupted period of one year before the date of calculating the interest rate gain. This restriction does not apply to the sale of the customer’s mortgaged home, change of debtor due to a relationship break-up or the death of the borrower.