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Re-mortgage Existing lender admin fees
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brussels
Posts: 5 Forumite
I am about to re-moratgage and noted that Halifax has increased it's admin fee etc from £75 four years ago to £175 now. I have written to Halifax expressing my griveances and received a standard reply explaing the costs are for labour, admin, technology and writing to the Land Registry without actually answeing my queries.
I intend to again write to them. The cost of £75 on my initill quotation does not mention that this cost is variable nor that it is set - but I think a rise of 130% in four years is excessive and they are using this fee to claw as much money out of me as they can without being reasonable.
I'm thinking of taking this one all the way - any advice?
I intend to again write to them. The cost of £75 on my initill quotation does not mention that this cost is variable nor that it is set - but I think a rise of 130% in four years is excessive and they are using this fee to claw as much money out of me as they can without being reasonable.
I'm thinking of taking this one all the way - any advice?
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Comments
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You might want to have a look at this thread - a lot of people have had success with this
HTHI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Thanks for reply, but where do I find the thread0
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:rolleyes2 :doh:
That's what happens when the phone goes at work !! you forget to finish the post!
This thread might help:
http://forums.moneysavingexpert.com/showthread.html?t=100358&highlight=closing+feesI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
my mortgage company....northern rock want £1250!!!!!!!!!!!! Hence me looking elsewhere£900 towards next holiday...ta very much Mr T x0
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tigertiger wrote:my mortgage company....northern rock want £1250!!!!!!!!!!!! Hence me looking elsewhere
I think brussels original post was about a specific fee known as Deeds Admin fees (or sometimes Redemption fees, closing fee etc). These shouldn't be confused with application / product fees or Eearly Repayment Charges.
brussels, as a general rule the banks are sensitive regarding this fee, so you may well have some luck, espeically if you were never told it would be variable.0 -
was it on your last annual statement? -
and tangent man as a pointm there may be a further £50 for deeds dispatch fee0 -
something to also think about - is that everywhere is going to charge a fee to leave them earlier
so when you remortgage, check this out, this information will be on your KFI
ie, i think A&L is £225 to leave0 -
A&L is £295I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Abbey want £225 from me
took tracker mortgage 2 years ago feb2004
can't see anywhere on quotions they gave me £225 i am going to write to them to see what they sayHonesty is the best policy doesn't matter which web site
you are on!
if i had known then what i know now!
a bargain is only a bargain if you really need it!0 -
pingu wrote:Abbey want £225 from me
took tracker mortgage 2 years ago feb2004
can't see anywhere on quotions they gave me £225 i am going to write to them to see what they say
Indeed do that, as you should find that the lender will fight a little bit and then agree the lower amount.
Have a look at the thread: http://forums.moneysavingexpert.com...ht=closing+feesI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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