Money back for mortgage fee?

myrtled

I'm being messed around by one of the major high street banks with regards to my new mortgage, the Mortgage promise was for £71k but the offer document has now come through at £65 as they have taken into account my savings (erm life savings so not really down for the mortgage)
I'm a first time buyer so all this is new to me,
Another mortgage Co has said they can get me more than what I asked for (£81k). The rateis slightly higher but only accounts for £20 a month extra
As I have not commited to the 1st mortgage and have been mislead by that first company, am I within my rights to ask for the £600 mortgage fee back?

I don't really want to lose my perfect flat!

herbiesjp

I sthis an arrangement fee - did you not opt for the option of adding to the loan?

Have you gone direct or via a broker?

AndrewSmith

Hi.

A mortgage promise is given prior to full underwriting of a mortgage application and is usually arrived at without a full application being submitted.

What was the £600 you have paid, to whom have you paid it? Which lender are you referring to in both instances?

Who told you that the amount has been reduced due to savings? A mortgage company will not reduce the loan they offer because you have savings.

The loan may have been reduced due to a number of factors, but certainly not because you have savings. That much is definate.

Please post a few more specifics, which will help me give better answers I hope.

Thanks

Andy

myrtled

Its the arrangement fee which I thought would be best to pay off first.
I spoke to HSBC (who are the problem) a recomended independant and the Halifax. Because I'm not on a fantastic wage both the Halifax and the independent said they could not beat the HSBC rate