TITLE

MEX defends its ERC waiver

AUTHOR(S)
Toner, Christine
PUB. DATE
January 2009
SOURCE
Mortgage Strategy;1/26/2009, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36406425

 

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