Claiming back mortgage fees

Caoilte26

As a result of the recent High Court decision, I am wondering if we are likely to see Mortgage companies reviewing the £35 per month (for mine anyway) charge made for a letter advising you have arrears on the account? We have had a problem for over a year with wanting to pay the mortgage mid month, rather than the beginning and the only way they would agree to this is for us to pay an extra 2 weeks one month, this, we can't afford. So, as a result of this, I receive a letter every month to tell me I have arrears which costs me £35 per month! I now have a month's arrears (which is being paid off at £200 per month) and I am in constant contact with the mortgage co. However, I am still charged this £35 every month! I would consider these to be unfair charges - any views or advise would be gratefully appreciated!

opinions4u

Caoilte26 wrote: »

As a result of the recent High Court decision, I am wondering if we are likely to see Mortgage companies reviewing the £35 per month (for mine anyway) charge made for a letter advising you have arrears on the account?

No, because the high court decision doesn't relate to mortgage fees.

We have had a problem for over a year with wanting to pay the mortgage mid month, rather than the beginning and the only way they would agree to this is for us to pay an extra 2 weeks one month, this, we can't afford. So, as a result of this, I receive a letter every month to tell me I have arrears which costs me £35 per month! I now have a month's arrears (which is being paid off at £200 per month) and I am in constant contact with the mortgage co. However, I am still charged this £35 every month! I would consider these to be unfair charges - any views or advise would be gratefully appreciated!

My thoughts on this are along the lines of:

1) Why on earth did you not just pay when due?
2) The £35 is highlighted in your mortgage terms and conditions, so you're stuck with it.
3) I think a lender refusing to change payment date within a calendar month is pretty unhelpful
4) How come you're now a month in arrears when you were only deferring payment 2 weeks?
5) These charges themselves are disgusting where regular payments are being made either as part of an agreement to reduce payments or where overpayments are being made to reduce arrears.

Get back on top of the situation. Borrow a monthly payment from a parent if you can, clear the arrears and pay when your lender tells you to. That will save you £420 a year for starters.