have I over paid on re-mortgage fees? can I claim back??

smadge

Hi!
Just looking back on my last re-mortgage in 2008, I paid a total of £799 in fees to move my mortgage with abbey(at the time) to a fixed mortgage, still with abbey. I was charged:
£599 - booking fee
£125 - transfer fee
£75 - administration fee
£225 - Mortgage account fee

I just wondered if these were too high/anyone has challenged old fees and got any money back?

Thank you!
Smadge

GMS

You presumably knew the fees before you accepted the mortgage offer so who do you think you can claim the fees back from?

Mortgages with lower rates tend to have fees to pay. No fee deals are higher rates.

Lender have done nothing wrong, you have no claim.

dunstonh

I just wondered if these were too high/anyone has challenged old fees and got any money back?

Those fees are fine and legal. If you didnt want to pay them or you thought they were too much then you shouldnt have bought that mortgage deal and chosen something else.

What you are saying is similar to buying a TV for £1500 and then a year later asking if you should have some money back because you wondered if you paid too much.

Burridge60

Banks love people taking short term fixed rates or other short dated deals.

Kerching. Money every two or three years just to offer the customer the same mortgage they already have with a new rate!

You do need to approach the fees payable for a new rate as an addition to the interest rate that you are being charged and do your sums over the period of the deal compared to other deals from other lenders.