Do mortgage lenders ever waive a break cost?

[Youngatheart00]

I won’t go into the detail but I am 3.5 years in to a 5 year fixed rate and will highly likely need to move due to a breakup at the same time as facing redundancy from work. The break cost would wipe out a whole lot of equity but in today’s market the mortgage is a ‘cheap’ one. So surely it has value….vs leaving a product where I could get better elsewhere, a good friend works in corporate finance and in these cases a client would be ‘in the money’ - is there any concept of this with mortgages?

I have uncertain finances moving forward so it’s likely I will need to downsize so porting the mortgage isn’t really an option.

Is there any hope?

If you are talking about the Early Repayment Charge, it’s rare that it would ever be waived. It’s literally put there to stop people fixing (to benefit from a good rate) and then leaving, it compensates your lender for you leaving early.

You can ask if they would waive it, but I wouldn’t have much hope of that if I was you.