Repayment question

AlexUK_3

I have two mortgage accounts with Nationwide one main mortgage and a flexible advance mortgae of £7k. When I fixed the main mortgage for 10 years last year they said they could tie my flex advance to it as well. I did this.

The flex advance now shows a redemption fee of £200, I don't mind this as I knew this was a condition. I cannot understand some of the paper work that goes on about being tied to the parent morgage for 10 years etc.

Am I allowed to pay off the flex advance in full as long as I pay the £200 or will they not allow this as it is tied to the main mortgage. Both accounts have their own individual mortgage account numbers?

I tried to call them but after 2 mins of automation to get to morgage redemption it was closed all day, surely they could ahve said that at the start!!?

Thanks for any advice

koexelek

Yes, you can repay the flexible advanve at any time, subject to any closing fees