advice on pre-paid booking fee

bobbin_around

5 months ago i secured a new re-morgtage deal with HSBC for a new mortgage to start in late December, the booking fee was £599.
Circumstances have changed and my existing lender has agreed a mortgage deal with myself with additional borrowing.

My question is can HSBC refuse to refund my booking fee as the mortgage has not yet started?

many thanks

Joe_Bloggs

What paperwork did you sign. Was this paperwork a contract ?
J_B.

bobbin_around

p/work was offer in principle for mortgage to be deferred for upto 6 months

Joe_Bloggs

I suspect you are going to have to read ever word of that paperwork to see what wriggle room you have. There may be others on this forum with similar experiences.
J_B.

mbailey

It should say in the KFI you received from the broker/lender.

For example I just received one from Woolwich and it shows a "Withdrawl fee" of £150 if I pull out prior to the mortgage completing.

_Andy_

If your KFI states it's non-refundable then you won't get it back