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Mortgage Early Exit Fee

richkid316
richkid316 Posts: 7 Forumite
in Reclaim mortgage fees, council tax, etc
Hi,

I had a mortage with GMAC but exited early because i sold the property (split with my ex).

At the time i was chaged nearly £8k for cancelling the mortage after 2, nearly 3, years.

Is there anything that can be done to try and get some of the £8k back from the lender?

I sold the propery in 2007.

Thanks

Comments

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    No, nothing at all.
  • dunstonh
    dunstonh Posts: 121,492 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    concur with Andy.

    You buy a deal on a special rate and agree a tie in. If you repay before the tie in ends you pay the penalty. Its a similar position to getting a mobile phone on a contract or a free sky dish and installation in return for staying for a certain period.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    By the way you did ask this back in 2007 but again didn't bother to respond or thank the person that replied.
This discussion has been closed.
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