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Mortgage admin fees for changes
ahundredbiscuits
Posts: 1 Newbie
hi everyone
my mortgage company is trying to charge me a £25 admin fee because my house insurance provider has changed (it actually hasnt but i had to cancel and start a new policy as my renewal was double the cost of a new one) can i not pay this, claim it back??
thanks very much
my mortgage company is trying to charge me a £25 admin fee because my house insurance provider has changed (it actually hasnt but i had to cancel and start a new policy as my renewal was double the cost of a new one) can i not pay this, claim it back??
thanks very much
0
Comments
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can i not pay this, claim it back??
No. The charge is considered fair and valid.
Its a very old charge and it is a bit out of date to still levy it (most dont nowadays) but the principle of it is fair as you are paying for work that needs to be done.(it actually hasnt but i had to cancel and start a new policy as my renewal was double the cost of a new one
So it has changed then. Premium will not be the only change. The levels of cover and the policy conditions will differ. It is no uncommon for lenders to refuse certain insurances from a provider but accept others.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
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