Mortgage Redemption Balance Consideration

Summary

In the UK, when redeeming a mortgage, lenders generally should consider the available balance in the repayment account for the final redemption amount. However, this can depend on the specific terms of your mortgage agreement. Reviewing your contract or consulting with a legal advisor can provide personalized guidance.

Full Conversation

If the Mortgage Redemption is being effected from the Mortgage repayment account is the lender justified in not offsetting the available balance in the repayment account for U.K. mortgages
In the UK, mortgage redemption involves paying off the remaining balance of your mortgage. Generally, lenders should consider the available balance in your repayment account when calculating the final redemption amount. However, specifics can depend on the terms of your mortgage agreement. It might be helpful to review your contract or consult with a legal advisor for personalized advice. Is this something you'd like assistance with?
Not for the moment
Alright, feel free to reach out if you have more questions or need assistance in the future. Take care!