Getting a fee free re-mortgage from the same company.

emyr_thomas

I have recently changed my mortgage deal to a much better one with the same company (name not important). What is important though is that were trying to bleed my dry of £300 arrangement fee. I told them that I was not paying any fees to switch to a better deal and simply informed them that I have been with them loyally (as they were the best on the market for my circumstances) for 5 yrs that I had paid in excess of £14'000 in interest alone...after a few so called chats to supervisors I was offered the deal i'm now on with absolutely no fees.

I only took out a mortgage for approx £60K and have paid approx £14K in interest alone in 5 yrs. What a bargaining tool this when challenging for a fee free deal with the same company.

jillie1974

well done!
we did a re-mortgage just over a year ago and got £1000 cash back but then i noticed they hadnt changed our monthly payments so after a couple of calls i got another £150 from them!!

Mum-2-4

Well done!
We have been with the same company for 6yrs now & have been stung again with £399 arrangement fees to remortgage with them.:mad:

MarkyMarkD

You can't remortgage with the same lender - it's an oxymoron.

A remortgage is a switch between mortgage lenders in respect of the same property. That's what's remortgage means.

What you are all talking about is a mortgage product switch.

And whilst emyr might have paid £14k in interest - so what? The lender has probably made between -£500 and +£500 in actual profit on the mortgage during that period, so £14k is an irrelevant figure.

Most lenders will not waive fees in these circumstances, and I don't see any reason why they should, either.

regularsaver1

Me either - its a product that has a fee regardless.