DP CONVEYANCING SOLICITOR QUOTE (NEWCASTLE, GATESHEAD & SUNDERLAND)
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REDEMPTION STATEMENT

What is a redemption statement?

This is the sum of money transferred to a lender if you decide to pay back your mortgage early, consisting of the outstanding lump sum balance in addition to a penalty fee charged to cover the interest the lender will subsequently lose out on.

Most mortgage products include within their terms a Early Repayment Charge (ERC) that is payable if you repay your mortgage within the early repayment charge period. The period of time normally ties into an incentive period such as a fixed rate of 2, 3 or 5 years so if you repay your mortgage in part or in full during this period, then the mortgage lender will charge you an additional early repayment charge. 

DP Conveyancing & Property Law Limited is a Limited Company Registered in England and Wales. Registered No. 11135940.
Directors: Peter Effard (Managing Director), Dawn Pickett (Licensed Conveyancer), Marie Patey (Licensed Conveyancer). 
Registered Office & Head Office Address: .B7, Marquis Court, Team Valley, Gateshead NE11 0RU.
Regulated by the Council for Licensed Conveyancers to provide conveyancing services.

EMAIL: Send an email using our Contact Us page

GATESHEAD (HEAD OFFICE) 
TELEPHONE: 0191 562 3464 
FAX: 0191 562 3465    OR     0333 414 1489​

DP Conveyancing & Property Law Ltd,
B7, Marquis Court, 
Team Valley, Gateshead
​NE11 0RU

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TELEPHONE: 0191 562 3464   
FAX: 0191 562 3465    OR     ​0333 414 1489
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253166709​
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​Companies House Registered No: 11135940.
  • HOME
  • INSTANT QUOTE
  • WHAT PEOPLE SAY ABOUT US
  • TRACK YOUR CASE
  • OUR VISION
  • OUR TEAM
  • OUR SERVICES
  • RECRUITMENT
  • CONTACT US
  • CORONAVIRUS
  • CHARITY
  • GLOSSARY
  • PAYMENT
  • ARTICLES
  • MORTGAGE LENDER PANELS WE ACT FOR
  • APPOINTMENTS
  • Conveyancing-in-South-Shields
  • Conveyancing-in-North-Shields
  • Conveyancing-in-Sunderland
  • Conveyancing-in-Durham
  • Conveyancing-in-Cramlington
  • Conveyancing-in-Whickham
  • Conveyancing-in-Jesmond