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New queries, issue 4484

13 January 2015
Issue: 4484 / Categories: Forum & Feedback

Mortgage redemption; Retail refunds; Property interests; Trouble hearing

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Mortgage redemption

Availability of relief for a mortgage early redemption penalty

Karl a UK resident individual owns two buy to let properties. He has fixed term mortgages on both. These were taken out some years ago when interest rates were higher than at present.

He is selling one of the properties at a substantial capital gain so will have to repay the mortgage on that property early. He would also like to use part of the sale proceeds to repay...

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