Got a Mortgage Express mortgage? Their waiving their Early Repayment Charges!!!!

Mike1999

If you've got a residential or Buy to Let mortgage with Mortgage Express then you could save a load of money as they are waiving their early repayment charges between february and june 2009!!! Looking at the article, it has something to do with the fact that Mortgage Express are owned by Bradford and Bingley.

This could be a stack load of money you could save as we're talking potentially a 2% charge or more if you were to switch mortgage rates or remortgage whilst in a set period of the initial rate.

Check out the article http://www.mortgagesforbusiness.co.uk/

payless

Yes as posted already ay http://forums.moneysavingexpert.com/showthread.html?t=1415009

Might be best to remove the website link in your post as thats to a partyicular brokerage - I don't know if you are involved in that firm but given you are a new user / and your other post includes same link and that from a trade artivle ( hence implying you are a broker) it might look like that way
maybe site to
http://www.timesonline.co.uk/tol/money/property_and_mortgages/article5516349.ece?Submitted=true

where my I have to agree with my nemesis

Mr. Hollingworth added: “If a landlord is on a reasonable fixed-rate deal with Mortgage Express, they may wish to sit tight. They may not necessarily be able to get a better deal elsewhere, especially if they do not have much equity in their property. If the landlord has some spare cash, it may be a good opportunity to just pay off more of the mortgage. Borrowers should talk to their broker to decide the best course of action.”

mickholloway

[

Mr. Hollingworth added: “If a landlord is on a reasonable fixed-rate deal with Mortgage Express, they may wish to sit tight. They may not necessarily be able to get a better deal elsewhere, especially if they do not have much equity in their property. If the landlord has some spare cash, it may be a good opportunity to just pay off more of the mortgage. Borrowers should talk to their broker to decide the best course of action.”[/quote]

This ties up with an experience I have just had that I placed in another thread think it is worth mentioning it as I have saved a fair bit from it.

Just spoken to Mortgage Express as my fixed term is coming to an end, The best BTL Mortgage London and Country could find me was 5.45%, up from my 3 Year fixed of 5.09% with a fee of 2.5% (£2500 ish). L&C told me Mortgage express not taking on any renewals or new business *****THIS IS NOT TRUE***** They have just offered me a new fixed term of 2 years at 3.99% no fees/costs. That saves me the £2500 plus 1.46% on what I could have been paying, plus if I decide to settle/end the mortgage in the next 2 years there is no cost. Not a long period I know but happy---- you bet I am:)

Mike1999

Hi Payless - ok sorry I didn't realise about certain links etc, I just used that as it was the first place I saw it. Yes the Times Online article is a good example and I saw stuff on Mortgage Solutions too. Interesting stuff and I wonder if other lenders will follow with anything similar - I suppose most of them aren't nationalised though!