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Can you haggle the redemption of a mortgage?
ChumpusRex
Posts: 352 Forumite
I've had the good fortune of picking up a barely above base rate lifetime tracker mortgage, so I've been stoozing 6 figure sums into higher yielding investments.
For various reasons, i've decided to simplify my affairs and sacrifice this profit.
However, I was wondering if it is the etiquette to haggle for a capital reduction or waiver of administration charges. While I probably have little chance of gain, what concerns me more is the chance of loss (could this be misinterpreted or cause problems with credit reporting, etc.)
Obviously, if there's nothing to lose, then I'll give it a go.
For various reasons, i've decided to simplify my affairs and sacrifice this profit.
However, I was wondering if it is the etiquette to haggle for a capital reduction or waiver of administration charges. While I probably have little chance of gain, what concerns me more is the chance of loss (could this be misinterpreted or cause problems with credit reporting, etc.)
Obviously, if there's nothing to lose, then I'll give it a go.
0
Comments
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You cannot 'haggle' a written contract you have signed.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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