Selling a house within the fixed Rate term

natalievb1980

Hello,

I need to sell my flat in the next few months as i am moving abroad. I will be selling, repaying the mortgage and putting any money left over ( if any!) into a savings account whilst i am abroad. I am on a 2 year fixed rate until Jan 2010. I was wondering if there was any way to not pay the penalty charge. Are mortgage companies open to negotiating this amount or any other way? I am with RBS.

I appreciate any advice or pearls of wisdom anyone has.

Thanks in advance!

Robert_Sterling_3

I fear that if you have a fixed rate you will have to pay the penalty.

_Andy_

natalievb1980 wrote: »

. I was wondering if there was any way to not pay the penalty charge. Are mortgage companies open to negotiating this amount or any other way? I am with RBS.

Put simply, no there isn't.

beecher

I can't see what benefit it would be to the RBS to negotiate with you - you've agreed to pay an ERC so I can't see how you can get out of it.

natalievb1980

Thank you for the replies. I suspecvted as much but wanted to see if there was any way out of it.

oh well, here we go..

dimbo61

Do you have to sell now ?
Could you rent out for a year while you see if you like the new country !
Would your flat rent out easily and can you get permission from your lender to let ?
Do you have a friend who is looking for a flat to rent until Jan 2010 or even leave it empty and carry on paying the mortgage its 9 months away !!