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Mortgage advice please!!!
juniorjoint
Posts: 4 Newbie
Hi,
I was on a variable rate with the halifax and I went in to see them about changing to a fixed rate. The advisor told me to pay off £3100 to reduce the term meaning I would have 7 years left on my mortgage. She then set me up the fixed rate mortgage. I have just received today my mortgage statement and an early repayment charge of £2050 has been applied. I was never informed about this and I certainly wouldn't have paid £3100 off my mortgage for £2050 to be added back on to it. Is there anyone who could advise what I can do about this please? Thanks Mark
I was on a variable rate with the halifax and I went in to see them about changing to a fixed rate. The advisor told me to pay off £3100 to reduce the term meaning I would have 7 years left on my mortgage. She then set me up the fixed rate mortgage. I have just received today my mortgage statement and an early repayment charge of £2050 has been applied. I was never informed about this and I certainly wouldn't have paid £3100 off my mortgage for £2050 to be added back on to it. Is there anyone who could advise what I can do about this please? Thanks Mark
0
Comments
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Complain to the branch in the first instance - speak to the manager, bring in any documentation you were given at the timepoppy100
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I'll go into the branch, you would think that they should have told me about the charge considering we were setting up a mortgage with them.0
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What type of rate were you on before this new fixed rate?0
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When you took the original mortgage out, did it have a tied in period after the fixed rate ended? Could you have still been in this ?0
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