MEX defends its ERC waiver

Toner, Christine
January 2009
Mortgage Strategy;1/26/2009, p6
Trade Publication
The article reports on the move of Mortgage Express Inc. (MEX) to defend its early repayment charges (ERC) against criticism that it was of no use to borrowers in Great Britain. Alan Cleary of Exact Mortgage Experts Ltd. considers MEX's scheme ridiculous and that it needs a big deposit. A company official contends that most of ERCs payable on the business are around five percent, a sizeable concession.


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