A way to pay! Clear this mortgage before 30 years!

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  • obay
    obay Posts: 570 Forumite
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    Moneyfordreams wrote: »
    Can you stall it for a week and maybe then you won't have to pay the ERC ?

    we have already stalled it for 2 weeks the law firm working for us told us they can do it today, once the redemption is in.... they never even asked kesington for the redemption!
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • obay
    obay Posts: 570 Forumite
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    This law firm is a pain in the bum. Forget to request redemption and now we have to wait till Friday to complete :(:(
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • obay
    obay Posts: 570 Forumite
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    Jesus, still this law firm are a nightmare apparently they're office is moving, which is why it's taking so long, the new bank can't comment on what the law firm are doing, which is true, and i wouldn't think they would anyways..

    Being on hold for 40 minutes + finding out what is going on with my mortgage, is a nightmare, for a two second conversation saying, oh it's progressing...
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • the_cross_rabbit
    the_cross_rabbit Posts: 901 Forumite
    First Anniversary First Post
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    fingers crossed you questions were answered, hoping your not still on hold.
    CRx
  • obay
    obay Posts: 570 Forumite
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    Solicitors called today and we owed Kensington a further £306.25... That was annoying... That was rolled up interest but it's better than £3006 that's for sure.

    Looks like it's finally moving.
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • obay
    obay Posts: 570 Forumite
    Options
    FINALLY! wow, lol I got confirmation that I got the exit on my mortgage! No more Kensington!!! :D

    Goodbye 5.24% SVR HELLO 2.20% FIXED!
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • kelpie35
    kelpie35 Posts: 1,781 Forumite
    First Anniversary Combo Breaker First Post
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    obay wrote: »
    FINALLY! wow, lol I got confirmation that I got the exit on my mortgage! No more Kensington!!! :D

    Goodbye 5.24% SVR HELLO 2.20% FIXED!

    Well done you :T

    Your hard work will now pay off that mortgage
  • Poppycat1
    Poppycat1 Posts: 376 Forumite
    Photogenic Name Dropper First Post First Anniversary
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    Great news. Will make the overpayments go further.
    Without overpayments: 15 years, 1 monthsBecause of overpayments: 10 years, 10 months left until paid off
  • obay
    obay Posts: 570 Forumite
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    I was wondering why KMC took such a huge amount of redemption (we had to pay £306.25) extra to KMC to finish the mortgage and exit, I couldn't work it out as we had in our head that we'd have at least £400-500 back because we put £1000 extra on our mortgage to cover everything, turns out KMC upon redemption add the monthly payment in with it and refund you after 14 days as apparently our new bank can still chargeback funds? So instead of us being out of pocket or whatever, they take a month of payment to cover us.

    So all in all, we get £775.10 in case our bank charges back funds? That makes no sense as the new bank has the title deed in there name..
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • obay
    obay Posts: 570 Forumite
    Options
    It's official KMC has closed our mortgage account! Happy days, next mortgage payment is the 3rd of January for £966, I'm going to pay the interest part off and pay the £577 in January., they have said I can do this!
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
This discussion has been closed.
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