The race to be in for Christmas!

hex2

Lynz, mine is the same, redemption ended 1st Nov but c£200 to exit for administration fees. Annotying when my new mortgage is with the same company. Also charged £25 for taking out my own insurance - but I got it down from their £400 to £250 including Quidco.

lynzpower

well ill be looking into these admin fees and whether they are lawful .

Hex, do you think this is any reason to get excited? Ie is it happening soon? or is this a formality that doesnt indicate any kind of real activity?

hex2

Lynz, I dont know - my redemption statement went straight to the solicitors, I havent even seen it.

It is all so stressful - and you have been trying to exchange for longer than me. I hate being lied to, and I hate being out of control - and you have suffered with both. If it is any comfort I genuinely did not expect to exchange last week, and I had told the solicitor I would consider 3rd Jan completion - so the phone call was a pleasant shock for me.

lynzpower

Personally exchanging this week with a view to completing first week of jan would be perfect for us.

I dont want to move now, we are away for Xmas ( up to my folks in mcr, then down to the in laws in bournemouth) We get back on wednesday after Xmas where Ohs back at work. I have ever-so-tentatively packed up the spare bits from the kitchen we wont need over the next week, and the cupbards are run down anyway.

the flat however is a bin, nothings ever where it needs to be, its truly a disgrace :eek:

Poppycat

I got a mortgage from broker he suggested to get building/contents from him, the deal seemed as good as what I got from my other mortgage lender, at no time was there any mention of a building contents from anywhere else even from the lender.

In fact the key facts mentioned

9. Insurance

If mortgage is not taken through xxxxxxxx mortgage services then a charge of £25 will be payable upon completion.

I took the insurnace out from a broker employed by them.

Thanks for your help

Madjock wrote:

We got our DiP on 25th May, offered on our house on 26th May and moved in on the 30th of June.
\o/

The fact that I work in the industry may have helped. And that timescale included getting bankruptcy discharge papers.

BY THE WAY

INSURANCE CHARGE - lenders charge you the £25 for having your insurance elsewhere, it's normally a one-off charge, and £25 is pretty cheap, some of them charge £50.

The redemption fee is an admin fee, not a penalty fee. You will ALWAYS pay a fee for redeeming your mortgage.

Check your current mortgage offer, you'll find there's fees on there as well, possibly deeds fees as well.

lynzpower

In any case poppycat- this 25 cant be a fair term of contract?

Id be asking on the rclaim bank charges board about this, cant be right., Why does it cost them 25 quid for them NOT to provide a service?

Poppycat

Thanks lynz you really have to be on the ball with these companies, I think they try and pull a fast one as its a very emotional time.

I am still going to complain about the mortgage arrangement costs but d daren't complain until I move in case it jepodize the sale. I feel I should have been noticied early since I got the keyfacts on 14th November it was £99, however it increased to £599 on 17th November but I was only told verbally on the 12th December, having shelled out money which I would then therefore loose, and possible loose the sale of the house and purchase because of a delay in finding another lender.

Poppycat

I no how you feel, we are the same although our sellers need two week notice to get a container for Oz.

I really aint bothered about Christmas now either, I just want to move but obviously cant now until New year. What a nice surprise if we can move then for both of us? I hope I can at least get a date fixed before then.

Fingers crossed

EDit a few slip ups, my brain isnt in gear today

lynzpower wrote:

Personally exchanging this week with a view to completing first week of jan would be perfect for us.

I dont want to move now, we are away for Xmas ( up to my folks in mcr, then down to the in laws in bournemouth) We get back on wednesday after Xmas where Ohs back at work. I have ever-so-tentatively packed up the spare bits from the kitchen we wont need over the next week, and the cupbards are run down anyway.

the flat however is a bin, nothings ever where it needs to be, its truly a disgrace :eek:

lynzpower

thats how I feel too. Stuff It, Ill get it sold then deal with the money side of things later.

I just hadan illuminating convo with mum, I bassiclaly said if we exchange this week , we'll complete first week of january. I simply dont tihnk its feasible for us to move this week anyway. Even if it was I really dont think id want to

If we exchange I'll do as much packing & cleaning as poss before Friday then Im officially "off" and back in business once my sols open again.

Rachman_2

lynzpower wrote:

yeah ive paid the deeds fee thats 25 quid a few weeks back.

I know I had an early redemption fee, but that expired on the 3rd Dec, when my fixed product ended. Im now automaatically moved onto the SVR, and Ive been repeatedly told theres no charges.

Deeds fee is not the same as an admin fee for early redemption - they charge you the deeds fee for 'getting the docs from their registry and sending them to your solicitor' - the admin fee for early redemption is separate from that.

What I don't understand is how people expect to be able to have such low margin interest and then think their lender won't want it back in fees if you go to them for a while to take advantage of a deal then move at the end of it to another one - don't people cost these in at the start (app fees, survey fees, conveyancing, redemption admin fees and the like) and work out what it will cost them rather than getting a 'shock' caused by their not reading the stuff in the first place.....