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halifax want more money
bachey
Posts: 11 Forumite
Hi just moved from halifax to a&l payed the 24 months on my 2year fixed.Now the halifax say i owe £420,the solicitors sent me the amount the halifax asked for which was paid.Do i have to pay this as i have already paid 24 installments.:mad:
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Comments
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what do they say the £420 is for?I am a Mortgage Adviser
You 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 -
They said they thought i would be paying this amount i don't understand but if i have paid 24 installments on a 2 year fixed fixed rate and they have give a outstanding balance to my solicitor i thought that would be it.I asked the solicitor is that the transaction complete and he said yes.thanks0
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it could be the redemption administration charge - or depending v much on the size of your mortgage it could be an early repayment charge. it is your solicitors duty to check you are not within your early repayment charge period before completing. I honestly could not say for definite what this is so you best call your solicitor monday and check, I am a little puzzled though, because it is normally not possible to complete without full funds.I am a Mortgage Adviser
You 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 -
Thanks for help0
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It could also be the difference in the number of days between the final payment and when you remortgaged.
i.e. your mortgage payment is normally £840 and you remortgaged 15 days into the month and owed 15 days interest.
As MM says, your solicitor will know.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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