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Repossession payback £50 month then £75 fees???
Comments
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Spoke to Shelter today who claim that £75 a month fee is the highest they have come across and will happily support me to take the Mortgage company through the small claims court. Very knowledgeable and offered to write a letter on my behalf free of charge there and then!
Said £30 to £40 is usual but as with Bank charges they are all being fought over at the minute so they see "no problem" in getting this reduced and/or claiming back the extortionate fees????
I'll let you all know...0 -
Oh it looks like I swore in a previous post but I honestly didn't. Someone has taken my innocent word and made it look like a real swear word. That's not cricket chaps??0
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Good luck then!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. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
The FSA have published guidance on this area
http://www.fsa.gov.uk/pages/About/What/thematic/mortgage_arrears/arrears.shtmlGood practice- A policy is in place to minimise arrears charges, for example by not charging a monthly arrears management fee in cases where the borrower is maintaining an arrangement to repay arrears.
Sounds like your Lender is not behaving themselves...
Cheers!
Lodger0 -
After forwarding a "nice" official FREE letter from Shelter my charges have been completely stopped. Shelter has advised that I could still chase back the fees 6x£75 after the repo hearing but it may take a while. They have given me another "nice" letter to use if I wish. How easy was that??? I hope this helps others to put them out of misery. One nil to the little guys. Hurrah!!0
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After forwarding a "nice" official FREE letter from Shelter my charges have been completely stopped. Shelter has advised that I could still chase back the fees 6x£75 after the repo hearing but it may take a while. They have given me another "nice" letter to use if I wish. How easy was that??? I hope this helps others to put them out of misery. One nil to the little guys. Hurrah!!
That's fantastic news, well done you !
Updated 16/09/2011 Capital One 503.96
Airmiles 3675, Clubcard 2287, Ipoints 1315, Nectar 1205
Joined Quidco 04.10.2009 Cashback = £440.30
Barclays PPI Claim £2,855.00 Nov 20110 -
well done, seems crazy to charge £75 on top of your arranged repayments of £50.
Seems like it would take you forever to get back into black.0 -
GOOD LUCK on getting your life sorted!0
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