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redemption figures

bigblag1
bigblag1 Posts: 5 Forumite
in Mortgages & endowments
is it possible to work out a redemption figure. and if so how would i go about it. any help greatly appreciated.

Comments

  • bigblag1
    bigblag1 Posts: 5 Forumite
    it is a tracker 1.44% above bank of england base rate. i have to give 1 months notice of redemption. i owed £60700 i have made one payment of £432. since i obtained the balance not the redemption figure. i have 22 years and 1 month left on my full term. thank you for your help if you can
  • bigblag1
    bigblag1 Posts: 5 Forumite
    would that be the total redemption figure. i would have to pay. sorry if being a nuisance
  • owitemisermusa
    owitemisermusa Posts: 954 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I think the best thing is to phone the lender and ask. If your lender permits online banking (and you have an account with them) then check online.
    Tough times never last longer than tough people.
  • bigblag1
    bigblag1 Posts: 5 Forumite
    i am in the process of doing that but i was wondering if it could be worked out. because i am changing my mortgage and wanted to see what figures i would be playing with.
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    My figures are correct assuming there are no redemption charges. Certainly won't be far off.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
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