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ERC is more than my existing payments - natwest mortgage. Please advise!
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Joe_lars
Posts: 2 Newbie
Hi all,
I currently have a fixed term Natwest mortgage for 2 years which is due to run out in March 2016, 5 payments of £600 remaining. I am moving house and am going with a new provider, suspected completion date is in December when I will only have 3 payments of £600 remaining, however the early repayment fee on our last statement is £3600 when the remaining payments total £1800 at that time. Is there anyway to get the ERC reduced to match the payments or similar?
Any help and clArity would be greatly appreciated
Joe
I currently have a fixed term Natwest mortgage for 2 years which is due to run out in March 2016, 5 payments of £600 remaining. I am moving house and am going with a new provider, suspected completion date is in December when I will only have 3 payments of £600 remaining, however the early repayment fee on our last statement is £3600 when the remaining payments total £1800 at that time. Is there anyway to get the ERC reduced to match the payments or similar?
Any help and clArity would be greatly appreciated
Joe
0
Comments
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Them the rules.
Why change provider?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 -
Long complex story but in short we can't!0
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