Mortgage Express are waiving all Early Repayment Charges between February and June 2009!

As you may be aware, The Bradford & Bingley Group (BBG) are no longer able to provide any new lending and may not be able to offer competitive deals in the future. Mortgage Express customers (part of BBG) may wish to reconsider their mortgage arrangements – either by selling a property, moving their mortgage to another lender or paying off some or all of their mortgage.

BBG also appreciates that those with an Early Repayment Charge (ERC) could be faced with a significant cost if they move their mortgage to another lender or make a capital repayment, which could be a barrier to considering these options.
So they have made the decision to waive ERCs for customers moving to another lender, selling or repaying some or all of their mortgage between 1st February and 30th June 2009.

BBG will be writing to borrowers with ERCs from 1st February to let them know about the waiver.  Mortgages for Business is working closely with BBG to offer support to customers who want to seek alternative sources of finance. Please call us if you are tied in with Mortgage Express and we would be happy to discuss the options available.