We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
I begrudge paying........
samuela66
Posts: 1,203 Forumite
Hi
I am just about to sell my house and my mortgage is fixed until Feb2008, I haven't found a property and am going to stay with a friend until I do find something, but cos I am leaving my mortgage they want £2000, is there any way around paying this money or lowering it,
any advice would be very welcome.
Sam
I am just about to sell my house and my mortgage is fixed until Feb2008, I haven't found a property and am going to stay with a friend until I do find something, but cos I am leaving my mortgage they want £2000, is there any way around paying this money or lowering it,
any advice would be very welcome.
Sam
Sam B
0
Comments
-
No. You signed a contract agreeing the terms and have benefited from that whilst you have had the mortgage (a lower fixed rate or discount or similar).
There is no reason for the lender to waive these charges.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 -
Check with the lender, some will refund the charges if you take another mortgage with them within the next few months.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
-
As silvecar said, some companies will give you a 3-6 month period to take out a new mortgage with them and they will then refund the ERC that you have paid, you will pay it up front but as long as you complete on a new mortgage you will get it back
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.6K Banking & Borrowing
- 254.8K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.2K Work, Benefits & Business
- 605.7K Mortgages, Homes & Bills
- 179K Life & Family
- 263.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards