Charged £50.00 by TMB for a redemption statement is this reasonable!!

Physio

payless wrote: »

Halifax don't do self cert!

If your mortgage application was fast tracked - but if requested you would not have had documentary income proof ( hence you calling it still self cert- although don't get me on that one ) to obtain a lower rate then I would not worry about £50.

Now you mentioned it the advisor did say about "fast tracked" but this is nothing to do with my problem and my asking peoples opinion as to the charges levied for a redemption statement.

payless

Physio wrote: »

Well this mortgage has been provided to us by our mortgage adviser and I am self employed and have not produced pay slips to him. This is by the by anyway but I do appreciate advice but it appears you are not providing any help but having a go, what for?

We are only seeking opinions and help which is usually great from the users of the site.

Please dont get involved in the thread if you cannot contribute constructively.

To highlight that a £50 charge is really just incidential in the over scheme of things in here.


edit ps - sorry if sharp - I've had a bad day- decided to pull out of a £1/2 mill case as I was not happy with things I found out - although sure someone will fast-track it instead !

as to fee - if its in there scale of fees , and you were asking for extra services , then I suppose they can charge

Physio

payless wrote: »

To highlight that a £50 charge is really just incidential in the over scheme of things in here.

Please explain this statement it does not read well.

If again, your are having a go, I would appreciate it if you refrained from posting on this thread. Againif I have mis-understood your posts I appologise, otherwise please go away or explain why your having a go. Have I offended you, If so please tell me.

pm2326

if your Early Repayment Charge 'ends' on 31st, it probably ends at midnight tonight. if your solicitor requested a statement for todays date TMB have not acted incorrectly by showing the charge on the first statement, they have afterall followed the instructions they recieved.

However, i have never head of anyone being charged £50 for a redemption statement. If you are getting nowhere with TMB or your solicitors i would suggest paying the fee and repaying your mortgage as planned. Once your sorted write a complaint to both TMB and Halifax (seeing as they instructed the solicitor) explaining what happened.

Toughluck

Physio

You stated "no other companies charge this fee"? Wrong. Many do, many don't. Some charge £25 some charge £50. Think yourself lucky you didn't get a mortgage with Preferred or SPML.

I admit, many moons ago I worked at a massive high street mortgage lender and used to produce redemption statements. And it was a simple as pressing some buttons to produce the figure. I would imagine in the fee and charges leaflet sent to you from TMB it would have been in there somewhere.

Look at it this way, your going from TMB to Halifax on a fast track scheme on a self employed basis. I would let the £50 slide out of your life if I was you you have done well to get to this position.

happybroker

re the £50...that will have been in the T&C's for the mortgage and normally a tariff of fees is sent out with your annual statement so I doubt very much you have any grounds for complaint.

People aren't trying to be unhelpfull with the self cert v fast track comments but trying to point out that if you don't have the provable income that is being stated in the application to the halifax you could end up in serious trouble. The mortgage offer will state that evidence of your income may be required and if you can't provide that if/ when asked then your application will be deemed fraudulant.

This is intended to try and help you avoid a potentially very serious situation with the bank and HMRC.