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Will my early repayment charge be waived?
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Minnehoma_2
Posts: 4 Newbie
Can anyone help me I have just remortgaged my home after coming to the end of a 2 year deal and have enterred into new 5 year deal.
My problem is that I've been in this deal for just over a month and the wife is planning a to do some home improvements (why she didn't think of this a couple of months ago I don't know) the question is would my new mortgage company waive the early repayment charge if I was to ask them to remortgage and increase the value borrowed if I stayed with them?
My problem is that I've been in this deal for just over a month and the wife is planning a to do some home improvements (why she didn't think of this a couple of months ago I don't know) the question is would my new mortgage company waive the early repayment charge if I was to ask them to remortgage and increase the value borrowed if I stayed with them?
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Comments
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you will have to apply for a further advance, this will not be added unto your existing fixed deal but you will not have to pay the erc.0
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Yep, grogdog has it right. You need to ask for a further advance and pick the rate which fits as closely as possible to the end date of you existing mortgage product.0
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