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MSE News: FSA gets tough on mortgage arrears fees

This is the discussion thread for the following MSE News Story:

"Lenders have been banned from hitting struggling borrowers with charges if they have already set up a payment plan ..."


  • edited 25 June 2010 at 1:53PM
    woodymegwoodymeg Forumite
    206 Posts
    edited 25 June 2010 at 1:53PM
    upon reading the last article from mse i phoned the FSA to inquire about claiming these fees back and got a definate NO, he actually said i know where you got your infomation from and it is incorrect.
    Would just like to ask befor taking any further again has anyone tried this and been successful, as it suggests people have been but not seen any proof.
    Sorry if i sound snotty but i was encouraged by last article and dont want to get my hopes up again. I have just had my fees capitalised which aquated to £3500.00, so if could get them back would be greta but im very doubtful.
  • woodymegwoodymeg Forumite
    206 Posts
    Again I have just read press release from FSA and no where does it say to reclaim fees:o
    So what are we to do??
  • davidgmmafandavidgmmafan Forumite
    1.5K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    "Mortgage lenders have been banned from hitting borrowers behind on payments with punitive charges if they have already set up a payment plan to clear any arrears."

    How is this any different from overdraft fees then? I wish this lot would get thier act together or !!!!!! off for good.
    Mixed Martial Arts is the greatest sport known to mankind and anyone who says it is 'a bar room brawl' has never trained in it and has no idea what they are talking about.
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