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!
Extend our mortgage, do I need to tell them we have retired.
Litchielou
Posts: 134 Forumite
We have 3 years left of our mortgage, we retired recently. The fixed rate ends 2 years next September.
My question is do we have to inform the company that we have retired, our pension does not quite cover the mortgage so taking from a sum we have put aside to pay this. This sum is equivalent to what we owe. Don't want to loose any money by having to pay an early redemption fee.
We don't need to touch our other savings.
Thanks for your help.
My question is do we have to inform the company that we have retired, our pension does not quite cover the mortgage so taking from a sum we have put aside to pay this. This sum is equivalent to what we owe. Don't want to loose any money by having to pay an early redemption fee.
We don't need to touch our other savings.
Thanks for your help.
0
Comments
-
You only need to tell them if you want to make any changes to your Mortgage. If you plan on keeping everything as is, then no need to tell them.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, 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
-
Not unless they ask which they shouldn't unless you are changing something.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
The 365 Day 1p Challenge 2025 #1 £667.95/£391.55
Save £12k in 2025 #1 £12000/£120000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards