Mortgage Break Fees on Fixed Mortgages With a Forced Sale

Four Practical Tips

We commonly see that banks charge large fees when houses are sold after separation. The key is to identify early the potential costs involved, and work out a solution. You need to have options. You're going to have to get your former partner to help with this too, if it is a joint debt. Here are 4 Practical Tips to help you:

  1. Refinance with the same bank - they may waive the fee.
  2. See if a new bank (if you're buying again) will pick up the cost.
  3. Have us negotiate with the bank.
  4. Look around for options or have us or a mortgage broker do the same."The information posted on this website is prepared for a general audience, without investigation into the facts of any particular case. This information is no substitute for legal advice and does not create a lawyer-client relationship; you are advised to consult with a lawyer on any legal issue."

"The information posted on this website is prepared for a general audience, without investigation into the facts of any particular case. This information is no substitute for legal advice and does not create a lawyer-client relationship; you are advised to consult with a lawyer on any legal issue."

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