Posting for traffic. It's a bit complicated but will keep it brief.
Back in Nov of last year I approached my mortgage broker to ask if it was a possibility to get an increased mortgage as we were looking to buy a bigger house. I'm on mat leave with DD2 so we thought it was unlikely. Mortgage broker said it would be fine and that id just need to get a letter from my employer to confirm my salary etc.
During this time he said he could also fix my current mortgage at a lower rate and then carry the mortgage over to the new property when we purchase it. Ideal we thought!
Fast forward to this morning and we received a completion statement from our solicitor which includes a £7.5 k early repayment penalty.
We were told that we were moving the 'mortgage product' across and wouldn't incur any early repayment fees. But looking at the paperwork for the new fixed rate mortgage it seems we've been charged the high fee.
Do we have any comeback? I've left a message with him and emailed him we probably won't hear till Monday. We're completing Friday and don't have the £7k- I really hope he can resolve it somehow. Feel sick with worry. Anyone been through similar?