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Early repayment charge


CraigMcK
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Hi

Hope someone can advise

 

I've got a fixed rate mortgage with Nothern Rock/Virgin Money. It's due to finish on 31st October. I would like to repay it early (Selling house in July) however there is an early repayment clause.

 

This is where it gets annoying

 

Mortgage payments for July - Oct = £2000'ish

Early repayment charge is £4000'ish

 

I'm really not happy about paying twice the actual mortgage payment to get out of the deal, can anyone advise if it's worth pursuing this with them, or just accept I signed the agreement and live with it.

 

PS not buying another house, so can't port it.

 

Thanks

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