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Mortgage Fees Before Start?
ricsmoney
Posts: 1 Newbie
Hi,
Can anyone provide any advice on Mortgage charges?
I recently agreed a new fixed rate deal with my current mortgage provider that will convert in a couple of weeks. I think I'd like to go elsewhere but have been told I may have to pay charges to get out of the deal.
The deal hasn't started yet and the paperwork states that I cannot change my mind and exit the contract after the conversion.
Does anyone know if I can be charged for exiting a contract that hasn't already started?
Thanks
Can anyone provide any advice on Mortgage charges?
I recently agreed a new fixed rate deal with my current mortgage provider that will convert in a couple of weeks. I think I'd like to go elsewhere but have been told I may have to pay charges to get out of the deal.
The deal hasn't started yet and the paperwork states that I cannot change my mind and exit the contract after the conversion.
Does anyone know if I can be charged for exiting a contract that hasn't already started?
Thanks
0
Comments
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Does anyone know if I can be charged for exiting a contract that hasn't already started?
Yes you can but it depends on the terms of the mortgage. Many lenders have a non-refundable booking fee. Check the wording on yours and if it says non-refundable then its fairly clear that it is non-refundable.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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