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Old 24.09.2009, 17:44
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Re: Repayment mortgage

Depends on your loan condition.

If libor, then no exit fees. as you assume fluctuations on libor.

If fixed rate... then they are exit fees. They are calculate by the bank depending on how long your contract is still running and how much the bank is loosing (not winning) on the operation. IT IS NEGOCIALBE.... if you bring the buyer back to the same bank for exemple.. or you can swap mortgage also. Comparis offer a good service for this.

steve
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