We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Redemptions fees question. Any way to get reduced?
Options
charlieplus4
Posts: 1 Newbie
Is there anyway that a redemption fee can be reduced. We have sold our house at a loss and have a 18 grand redemption to get out of the mortgage. We cannot afford to move the mortgage as there is nothinbg out there so are having to rent. Any advice would be gratefully recieved as even after selling we will have a small amount of debt because of this redemption fee. Many Thanks Charlie
0
Comments
-
Almost certainly no chance.
Who is the lender?
What's in it for them?0 -
Most will allow you to port the mortgage, providing you meet lending criteria. However, there is virtually no chance getting the ERC waived unless you have a couple of months to go.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.4K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards