Redemption fee still valid after Virgin money bought by Clydesdale/Yorkshire

Options
drummond99
drummond99 Posts: 2 Newbie
in Mortgages & endowments
I have a redemption penalty on my mortgage until November 2020, does anyone know if I can wriggle out of this since version is being taken over by Clydesdale and Yorkshire Bank?

Comments

  • drummond99
    drummond99 Posts: 2 Newbie
    Options
    Version should be Virgin! Damn predictive text!
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Name Dropper First Anniversary First Post
    Options
    No, nothing changes just because the mortgage has been bought by a new bank.
  • sal_III
    sal_III Posts: 1,953 Forumite
    First Anniversary First Post
    Options
    No. You can't wriggle out.
  • ACG
    ACG Posts: 23,728 Forumite
    First Anniversary Name Dropper First Post I've helped Parliament
    Options
    No chance.

    You should have received a letter this morning (I did) have a read - nothing changes except it will now say Clydesdale at the bottom of the paperwork (but virgin will remain at the top of the page).
    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.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards