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Early Repayment Charge - Can't get out of my deal!

gedimindtrick · 2018-02-26 08:53:49

I recently applied to borrow an additional 20K against my mortgage to pay of some debts. The lender declined to provide due to financial association with my wife, which is over 6 years old! She doesn't pay any bills and hasnt for 6 years as I pay them all myself. They also declined to quash my early repayment charge to let…

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poppy10_2 Posts: 6,588 Forumite

27 February 2018 at 7:30PM

gedimindtrick wrote: »

I recently applied to borrow an additional 20K against my mortgage to pay off some debts. T

You wouldn't be paying off your debts. You would be transferring unsecured debt to debt that is secured against your house

poppy10
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