Other Posts by Michael Aglony

• So what's next after Base Rate is held at 0.5% again?
• Data indicates property market progress!
• Improved Funding for landlords
• At last - Funding for HMOs, Freehold Conversions & Limited Companies returns! 23.07.2009
• Increase in fixed rates as "perceived" inflationary pressures start to build. 22.06.2009
• Survey's report increases in house prices - 15.05.2009
• Base Rate stays at 0.5% for a second month - 07.05.2009
• Base Rate remains unchanged at 0.5% - 09.04.2009
• As the market bottoms out, now is the time to secure that property bargain - 03.04.2009
• The Turner Review may impact Buy to Let warns Lord Turner
• Now that Base rate has dropped to 0.5% it's time to fix!
• Northern Rock resumes lending - what will be its impact?
• Will everyone benefit from the 0.5% Base Rate cut?
• Bank Base Rate now seems set for 0.5% cut on Thursday
• B&B appoint Mortgages for Business for early repayment charge clients
• It looks like Bank of England Base Rate could drop to 1% next week
• Will Base Rate stay below 5% in 2009?
• It's all about cashflow!
• SWAP rates and LIBOR rates on the move in 2009 - 13.01.2009
• Bank of England Base Rate cut by 0.5%. How will this effect Buy to Let? - 08.01.2009
• Market awaits Year End movements at Banks
• Merry Christmas and here's to a better 2009!
• 3 month LIBOR continues to ease slowly - 16.12.2008
• LIBOR, SWAP rates, base rate and interest rates - we're seeing history being made - 11.12.2008
• Base Rate reduced to 2%
• The return of Buy to Let as a commercial transaction

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Mortgage Express are waiving all Early Repayment Charges!

By Michael Aglony

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 ERC's for Buy to Let mortgage and Residential mortgage 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. Mortgages for Business can help if you are tied in with Mortgage Express and we would be happy to discuss the options available.

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