Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
Hi all, I am in process of selling a BTL with Mortgage Express. When my solicitor asked for a redemption statement they wrote back saying below:
“We have the right to consolidate and take all monies. However, on this occasion we will just charge £5k which will be used across overall portfolio.”
I am now thinking of not selling. My question is has anyone else had this issue? My solicitor is about to write to say we will not sell it then.
Once they get this letter will they drop the £5k charge as they will lose the option to redeem this mortgage in full?
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