View Single Post
Old 24.09.2009, 17:44
justimmo's Avatar
justimmo justimmo is offline
Join Date: Sep 2009
Location: Nyon
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
justimmo has no particular reputation at present
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.

Reply With Quote