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leaving northern rock early
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zoezoe_3
Posts: 257 Forumite
Hi
We are year 2 into a fixed rate mortgage with northern rock. Our house is now on the market and would like to sell. The house has been on the market for a year, started at 299k and now we are on at 235k. At this rate we can only just afford to sell without being in debt.
Because we are not looking to buy a new property we will have to pay nearly 10k in early exit (not sure if that is the right name) fees with NR. £1000 of that is paying back the cash back.
Are there any chance that NR might negotiate in these fees? The way we see it - if the house stays at 235k it might sell and might not. So NR might not get thier money back. If we can somehow negotiate on the fees we could reduce to 225k I am certain it will sell. NR get their 180k mortgage loan back and we get to move on.
Am I just dreaming ?
We are year 2 into a fixed rate mortgage with northern rock. Our house is now on the market and would like to sell. The house has been on the market for a year, started at 299k and now we are on at 235k. At this rate we can only just afford to sell without being in debt.
Because we are not looking to buy a new property we will have to pay nearly 10k in early exit (not sure if that is the right name) fees with NR. £1000 of that is paying back the cash back.
Are there any chance that NR might negotiate in these fees? The way we see it - if the house stays at 235k it might sell and might not. So NR might not get thier money back. If we can somehow negotiate on the fees we could reduce to 225k I am certain it will sell. NR get their 180k mortgage loan back and we get to move on.
Am I just dreaming ?
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