Natwest early repayment charge advice

hprice1099

Hi Guys,

 

I need some advice if you can help, I’m currently 2 years to the end of my fixed rate with a charge of 2k to exit. Basically I’m selling my property and moving to another property, the reason for this is to clear my 20k of debt. I've been told I need to sell and buy at the same time with NatWest to avoid the charge, the issue is I only want to put 10% deposit down but NatWest are saying I need to put 15%. I can't do this with clearing all my debts, legal fees and 10% deposit. So I need to know is there a period between selling and buying where if I stay with NatWest I could claim this back? I could stay with my partner in-between while I’m waiting for my new house to go through.

Thanks

P.s I hope that makes sense lol

 

Thrugelmir

You may find yourself limited to a period of 90 days post the sale of your existing property, in which to complete the port.