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Moving a house

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Hi I am a buying a new house for £120000 and I want to get £80000 mortgage from bank and want to pay back that £80000 once I have sold my old house but bank charge 3% early repayment charge wich is £2… Read More
munir Avatar
8y, 3m agoPosted 8 years, 3 months ago
Hi I am a buying a new house for £120000 and I want to get £80000 mortgage from bank and want to pay back that £80000 once I have sold my old house but bank charge 3% early repayment charge wich is £2400.
Does any body know how can I avoid it ot minimised it.
Any comment will be appriciated.
Thanks
munir Avatar
8y, 3m agoPosted 8 years, 3 months ago
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Comments/page:
#1
Haggle, see if you can get them just to take a set fee, say £1000 or something, if paid back within 60 days. They should go for it, as it's easy money for them
#2
Go For A Standard Variable Rate Without Tie Ins
#3
louise.123
Go For A Standard Variable Rate Without Tie Ins


Also go for interest only on that standard variable rate. :thumbsup:
#4
Either pick a product with no early redemption charges, if you already have a mortgage with redemption charges, ask them what amount (a capitol repayment) you can make before charges come into play.

Leaving a small amount (£500) may work (as it did for me)

First ever post so be kind.
banned#5
sell old house
buy new house

sorted x
#6
Moving a house

Don't even try, there very heavy.
#7
Goonieman
Don't even try, there very heavy.


LMAO !!!!!

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