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Northern Rock Fee
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Airwolf1
Posts: 1,266 Forumite
Hi all,
Just a quick post. My fixed rate mortgage with NR expires very shortly, but part of the original agreement was that I pay a few hundred pound fee in the event I leave them when my fixed rate expires - this is for help looking for a new lender. Is this correct and legal?
The other thing is that if go to Lloyds TSB, I won't have to pay this fee.
Just a quick post. My fixed rate mortgage with NR expires very shortly, but part of the original agreement was that I pay a few hundred pound fee in the event I leave them when my fixed rate expires - this is for help looking for a new lender. Is this correct and legal?
The other thing is that if go to Lloyds TSB, I won't have to pay this fee.
My suggestion and/or advice is my own and it is up to you if you follow it, please check the advice given before acting on it.
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Comments
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If you mean an exit fee, yes, perfectly fair and legal.0
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well if you go to C&G you won't have to pay it as you said. So pay N Rock their due fee and you won't have to post this sort of post again. If you grab your mortgage offer from behind the fridge it will say that you have to pay it and they will have on file your signature that you will pay on redemption.I am a Mortgage Adviser
You 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. Take advice with a pinch of sea salt!0 -
Is this correct and legal?
Any reason why you think it wouldnt be?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.0 -
Thanks people - just making sure that’s allMy suggestion and/or advice is my own and it is up to you if you follow it, please check the advice given before acting on it.0
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