How soon is a redemption figure asked for when sold own house?
You can ask for a redemption figure as soon as you like you tel them the date you intend to redeem your mortgage and they will calculate it to that date – if that date then changes, just get back in touch with the mortgagee and inform them of the change of date and they will re-calculate. Its a good idea to obtain a redemption figure as soon as possible, that way you are aware of what you are required to pay back inculding any admin fees, any forgetton early redemption fees and document release fees there may be. Do it before exchange of contract – that way you know you will have enough money to pay off the mortgage before you commit yourself to sell the property.
