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A redemption penalty is a charge levied by a mortgage lender when a mortgage is repaid by the borrower before the agreed term. This happens when a house is remortgaged or sold off. The redemption penalty is a way that ensures the lender a profit if the mortgage is redeemed early.
posted by Secured Loans Uk @ 3:35 AM
4 comments
4 Comments:
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Best regards!
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