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Early Repayment Charges
TheFox30
Posts: 133 Forumite
Hi
I've got a mortgage with The Mortgage Works which is interest only. However I've got a reasonable sum of cash sat in a savings account that I'm planning to use to make an early repayment.
However I'm being put off a bit from doing so by the fact that The Mortgage Works has an 'Early Repayment Charge' of £90.
Does anyone know if these Early Repayment Charges are negotiable in any way? Or are they normally absolutely set in stone?
I've got a mortgage with The Mortgage Works which is interest only. However I've got a reasonable sum of cash sat in a savings account that I'm planning to use to make an early repayment.
However I'm being put off a bit from doing so by the fact that The Mortgage Works has an 'Early Repayment Charge' of £90.
Does anyone know if these Early Repayment Charges are negotiable in any way? Or are they normally absolutely set in stone?
0
Comments
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I would double check that it's not just a charge that is levied if you pay off the whole amount owed.0
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It's not. I paid off £15,000 last year and was charged £15,090 due to the £90 charge0
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