Early Redemption Charge

tshanna_louise

I'm really hoping somebody can help me. My ex partner and I paid an early redemption charge on our mortgage when the house was sold. I have since bought a new place and have taken on a new mortgage with the same provider. Because of that I am entitled to some of the money back that we paid in ERC however in order to get the refund I need a signature from my ex-partner to confirm he hasn't returned as a customer and therefore waives his rights of a refund. As soon as he realised he wasn't entitled to any money he's completely ignored my messages. Any ideas?

sal_III

Offer him part of the money you will get as an incentive to get on board and sign the documents?

[Deleted User]

Offer him some money?

tshanna_louise

I had a feeling this might be the option people suggested. It just frustrates me that he walked away with a decent amount from the sale of our house and now he wants more money which he isn't actually entitled to.

foxy-stoat

Assume you both walked away with an equal amount so thats irrelevant.

You aren't entitled to a part refund of the ERC without his signature... so you should offer him some of it if he chooses not to help you out.

Thrugelmir

tshanna_louise wrote: »

I had a feeling this might be the option people suggested. It just frustrates me that he walked away with a decent amount from the sale of our house and now he wants more money which he isn't actually entitled to.

If he decides to obtain a mortgage from the same source. Then the same situation arises. The ERC refund is essence belongs to both of you. Rather than spite your nose. Agree a sum and move on with your life.

tshanna_louise

I'll give it a go!! Thanks for your advice.