MSE News: Reclaim unfair mortgage arrears fees, FSA says

Looby1972

VIGILANT22 wrote: »

MEAF fees = mortgage exit fees..........

How could you claim back exit fees from current provider?
You can ask the 2004 lender if they charged you on discharge.... what they said they would when you first took the mortgage out..

Please be aware this is not claim back all fees such as early repayment charges, arrangement fees etc ..it is mortgage exit fees (clue is within the 3 words) ........:)

Vigilant, it seems like you've been asleep at the wheel here. The news story DOES regard arrears fees, and quite clearly details that the FSA are encouraging consumers to make complaints about ALL unfair fees. Nowhere in the story does it even refer to MEAF.

Your sarcasm is totally unwarranted, and amounts to bullying. I'm sure if people were looking to be bullied and belittled in the way you seem to enjoy doing, they would make a call to their banks or mortgage providers. The forum is supposed to be a friendly place, and I'm betting that you wouldn't enjoy being on the receiving end of what you're dishing out.

If you can't offer advice in a pleasant manner, don't bother - especially when the info you're giving is incorrect in the first place.

margymuggins

Looby1972 wrote: »

Vigilant, it seems like you've been asleep at the wheel here. The news story DOES regard arrears fees, and quite clearly details that the FSA are encouraging consumers to make complaints about ALL unfair fees. Nowhere in the story does it even refer to MEAF.

Your sarcasm is totally unwarranted, and amounts to bullying. I'm sure if people were looking to be bullied and belittled in the way you seem to enjoy doing, they would make a call to their banks or mortgage providers. The forum is supposed to be a friendly place, and I'm betting that you wouldn't enjoy being on the receiving end of what you're dishing out.

If you can't offer advice in a pleasant manner, don't bother - especially when the info you're giving is incorrect in the first place.

WELL SAID LOOBY i really thought i was MORE than a dim wit as stated by me and some what confused by vigilant's reply COULDN'T be a!!!d to reply i too like to be freindly and helpful and with respect offer my thank's to those who deserve it THANX LOOBY

chrisharri

How is everybody getting on with their mortgage arrears fee reclaiming? Anyone had any luck?

far2812

I have written to West Bromwich regarding reclaiming my mortgage arrears fees and will update as so as I get a reponse!

gpaul49

I went through a claim company , but had a palrty offer from gmac dated from 2004 but mt fes webt back to 2002 over 4 thousands pounds 15 dd and 50 pounds arrears and taken to court also my last payment to them was over 10% intrest on monthly payments as well now ge cap
any had any info from ombudmonson Paul

chrisharri

Hello All, I have had a response from Intelligent Finance regarding unfair mortgage fees. They have told me that the fees are completely fair and just therefore no refund will be given. What next?

VIGILANT22

Was it arrears fees, did they not agree with the fee tariff which would have been issued originally with your mortgage offer?

Dan_1976

Coming from FS I have the same kind of opinion as Vig, you sign to accept the fees. I believed that a fee for going in to arrears was a punishment as you should pay.

I have now also been on the other end. All lenders charge these fees and you cannot chose a lender who does not. The fees are not huge but if your in arrears for a long time they add up.

When you cant pay your mortgage and you can see your balance going the wrong way, then you see a £50 or £30 charge being stuck on it seems very unfair. Especially when they take the property and get all the money back, plus ERC and plus any costs.

I am now not so sure the fees are fair. The banks know you dont worry about the fees when you sign up, so they dont give a monkeys.

Also, I feel each case needs to be looked on in its own merit. Some people cant pay, some people wont.

On that, does anybody if you can try and claim after your repo'd?

VIGILANT22

[QUOTE=Dan_1976On_that,_does_anybody_if_you_can_try_and_claim_after_your_repo'd?[/QUOTE]

Maybe you suggest this to CW, he's always on the look out for a new
S C A M

Dan_1976

Who is CW?