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reducing redemption repayment

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Hasting_2
Hasting_2 Posts: 1 Newbie
in Mortgages & endowments
I have just sold my flat and purchased another where I will be mortgage free. I last took out a two year fixed interest rate in April 2008. I have now been advised that this period is until the end of June and I would have to pay £6,500 redemption fee. Are there any negotiations I can make for these additional two months? Or other suggestions please?

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  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Can you delay the sale of your flat for 2 months ?
    Ring the lender and ask will they reduce the ERC or better still cancel it !
    You can only ask.
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