re-claiming early redemption charges ???????

gazweb

hi just a quick one, we are able to claim everything else now, when are going to be able to claim back all those early redemption charges?????

i myself have had to change my mortgage a few times to help me through a very bad time and each time i have i have had to pay out thousands of pounds in these charges

does anybody know when or if, we are going to be able to reclaim from the lenders

thanks gaz

dunstonh

when are going to be able to claim back all those early redemption charges?????

Probably never as they are fair and unlikely to be able to be challenged as being unfair. Plus, you agree to them in advance and you cant complain you didnt know about them. And, you only have them if you choose a deal that requires you to hold the mortgage for a period (to cover the costs of the deal).

gazweb

i suppose so, but you never know about time we got some monies back from the bank robbers, always taking advantage of the less well off.
thanks for the answer
gaz

dunstonh

The banks may be responsible in part for the current crisis but they are also responsible for providing significant tax income for the treasury for much of the last 15 years. Much of which was earned overseas.

They are also not responsible for you deciding to change your mortgage frequently or your choice to buy deals that involved tie ins.

Criticise them on things they have done wrong but dont sink to the level of blaming them for all evils.

The supermarkets make more profit out of a typical UK consumer than a bank does.

_Andy_

gazweb wrote: »

i suppose so, but you never know about time we got some monies back from the bank robbers, always taking advantage of the less well off.
thanks for the answer
gaz

How are they 'robbers'? The ERCs are part of the mortgage contract you agreed to. It was you that wished to end the contract early.
And how exactly are they 'taking advantage'?