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One For You Mortgage Advisors Please!
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Deleerious
Posts: 271 Forumite
I bought a 75% share in a flat worth £105,000.00 in March 06 with a mortgage of £78,750.00. I have now applied for the additional 25% based on the current market value which means i need to borrow an additional £32,500.00 to own 100% of the property.
Now, i took out a 2 year fixed mortgage 1 year ago and to extend this for my additional £32.5k would trigger the early settlement fee...
What do i do?
Your help greatly appreciated.
Deleerious D
Now, i took out a 2 year fixed mortgage 1 year ago and to extend this for my additional £32.5k would trigger the early settlement fee...
What do i do?
Your help greatly appreciated.
Deleerious D
A fully functional diet; :beer: + :spam: = :dance:
0
Comments
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Wait until the exit penalty falls off or pay it if you think that the property value might go up by more.
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0
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