Changing payment date and exit fees

loobie

We are currently with SPML/Capstone, on a 3 year fixed rate, coming to an end on 30th November 2008.

We already have a really good offer from the Halifax, and have a completion date of 3rd December.

SPML sent me a letter last week to say that as from 1st December, our payment would be going up by £130 as the fixed rate is ending.

They also sent another letter with a list of fees and charges. These included a "Deeds release fee" of £65 and also a "final repayment charge" of £190. These also would come into effect on 1st December.

I have 2 questions:

1 - How much would the final repayment figure be affeted if we change the payment date from 1st of the month, to, say 8th. We would (hopefully) have completed by then.

2 - If we had to pay the £65 and the £190, could we claim it back, even though we will no longer have a mortgage with them.

Any other advice would also be really helpful.

Thanks L x

dunstonh

1 - How much would the final repayment figure be affeted if we change the payment date from 1st of the month, to, say 8th. We would (hopefully) have completed by then.

Roughly, divide your monthly payment by 30 and that is your rough daily amount.

2 - If we had to pay the £65 and the £190, could we claim it back, even though we will no longer have a mortgage with them.

They are valid fees and cannot be claimed back.

feisty1

loobie wrote: »

We are currently with SPML/Capstone, on a 3 year fixed rate, coming to an end on 30th November 2008.

We already have a really good offer from the Halifax, and have a completion date of 3rd December.

SPML sent me a letter last week to say that as from 1st December, our payment would be going up by £130 as the fixed rate is ending.

They also sent another letter with a list of fees and charges. These included a "Deeds release fee" of £65 and also a "final repayment charge" of £190. These also would come into effect on 1st December.

I have 2 questions:

1 - How much would the final repayment figure be affeted if we change the payment date from 1st of the month, to, say 8th. We would (hopefully) have completed by then. 2 - If we had to pay the £65 and the £190, could we claim it back, even though we will no longer have a mortgage with them.
Any other advice would also be really helpful. Thanks L x

Claiming back on "Deeds release fee" of £65 and also a "final repayment charge" of £190.

On what grounds? Yr deeds are being released to new lender...... as for final repayment charge i am assuming this is for closing yr account doesnt matter when u close it wont effect amount. These are admin charges Check the original offer papers these charges were stated