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Good point! Yes we would incur a fee if we ended our mortgage. Hmmm...
Is the fee worth losing the buyer tho? Maybe you should just say to the estate agent that due to the seller not moving your going to have to take your offer of and see what they say/happens.
End day you could lose the house but at least you will know where you stand.
You will lose the buyer and then lose the house as well if you wait & could end up with nothing.People don't know what they want until you show them.0 -
We have also had to look at this as we are in a very similar position to yours, however thankfully the family buying ours aren't rushing us, but when we looked at rental we realised we would lose £4k in early termination fee, now the mortgage company did offer a full refund if we completed within 3 months and took the mortgage with them, but timelines can never be guaranteed!0
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mrsmchapman wrote: »We have also had to look at this as we are in a very similar position to yours, however thankfully the family buying ours aren't rushing us, but when we looked at rental we realised we would lose £4k in early termination fee, now the mortgage company did offer a full refund if we completed within 3 months and took the mortgage with them, but timelines can never be guaranteed!
Might be worth asking for 6months You never know what differnece does it make to them! & it save you 4kPeople don't know what they want until you show them.0 -
Kayalana99 wrote: »Is the fee worth losing the buyer tho?
No, we would rather pay the fine than lose the buyer.
Will check what our lenders say about this, hopefully there will be a window in which to buy another place.
Thanks for all the advice everyone
Trying to live a good life on little money :T0
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