Tweet
Hi All,
I have a Mortgage with Rooftop (oh sugar I hear you say) I am looking to pay it off as have a potential sale going through, however called Rooftop today and was advised they would charge £25 for a redemption statement and also 1% early repayment of the balance.
Currently have approx £193k outstanding interest only,
However they did inform me if I was to send them a letter with intent to make early payment they would waive the 1% however this would not take effect until a month from them receiving the letter, which may be to late as need to sell the property sooner.
Need some information on what the redemption is and how its calculated are they going to be placing a large sum on there, I thought I would just be paying what I owed £193K
I have a Mortgage with Rooftop (oh sugar I hear you say) I am looking to pay it off as have a potential sale going through, however called Rooftop today and was advised they would charge £25 for a redemption statement and also 1% early repayment of the balance.
Currently have approx £193k outstanding interest only,
However they did inform me if I was to send them a letter with intent to make early payment they would waive the 1% however this would not take effect until a month from them receiving the letter, which may be to late as need to sell the property sooner.
Need some information on what the redemption is and how its calculated are they going to be placing a large sum on there, I thought I would just be paying what I owed £193K
Comment