Early repayment fee

Extrageorge

Hi all

im buying a new build off plan which isn’t due to be complete until November/December.

I currently have a fixed term mortgage with 2 years left on a property I have sold stc with HSBC. This will likely be completed
 within the next month

 I have had my mortgage offer and request to port my mortgage to the new build accepted from hsbc however I’m unsure if I am able to get out of paying the £2300 early repayment fee as the two properties won’t be completed together

any advice or information would be greatly appreciated

kingstreet

You would usually pay it on sale and have it refunded on purchase completion. However, the gap between the two may have a limit (three months, six months?) and you should check this with the lender.