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Secured loan and early repayment fee

Last post Mon, Aug 04 2008, 11:58 AM by BBROWN. 0 replies.
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  •  Mon, Aug 04 2008, 11:58 AM

    Secured loan and early repayment fee

    I have two questions, I have a loan secured on my house and I have had an offer on my house but the amount wont cover all the loan, I have enough to pay the mortage but because I am paying my mortgage it off in september rather than January when the fixed 3 years are up I have to pay an earlier repayment fee of 4k. Firstly is there anyway this amount can be lowered and second what will happen to the £2k downfall I am missing from my loan...please help

    • Post Points: 5