Do mortgages apply to this?

openshac

Can I claim back a penalty for a late mortgage payment?
Is it exactly the same process as for bank charges.

I've search the forums buy the only reference to mortgage charges relate to redemption penalties.

Thanks in advance

Charlie

Voyager2002

Beware: banks and lenders are allowed to charge fees that reflect their costs in dealing with a late payment. You need to be sure that the charge they made you pay was indeed a penalty, greater than the costs they incurred. Otherwise you could face a fortune in legal bills to prove the point.

neddie

Hi, yes the charges must reflect the cost incurred by the bank/building society.

But the question that has been asked is, can you get late payment fees back from mortgage accounts?

From a mortgage that is current or closed??

openshac

A current mortgage.

furndire

I reckon this question is one for https://www.consumeractiongroup.co.uk. They sound like a lot of penalties to me, but don't know for sure.

airbag

I guess no one can help me with this then?

airbag

Still interested to hear if anybody knows about contesting late mortgage payment fees?

lisaf

Hi Airbag,
I would like to know the same thing. My mortgage company told me yesterday that I have now got £1300 of late payment charges on my account due to missed payments etc. I'm on a sort of court order pay back with them at present and should clear my arrears by May. It was only earlier this year that I've defaulted.
Lisa

toby1891

My partner got in a mess with her banking 3-4 years ago and had numerous charges by the bank for failing to meet her mortgage direct debit. I understand she can reclaim and am doing so but what about her charges on her mortgage with bank of ireland? She has now sold the house and settled the mortgage but had to pay £2800 in charges, from memmory each missed payment incurred a £30 charge for the failed direct debit and £25 interest charge plus additional things like arrears transfer fee £120 and £600 solicitors fees etc.

What if anything apart from any overcharge on the redemption fee could we challenge?

Any help would be greatly appreciated as it has always left a sour taste in my mouth

SUFC

toby1891 wrote:

My partner got in a mess with her banking 3-4 years ago and had numerous charges by the bank for failing to meet her mortgage direct debit. I understand she can reclaim and am doing so but what about her charges on her mortgage with bank of ireland? She has now sold the house and settled the mortgage but had to pay £2800 in charges, from memmory each missed payment incurred a £30 charge for the failed direct debit and £25 interest charge plus additional things like arrears transfer fee £120 and £600 solicitors fees etc.

What if anything apart from any overcharge on the redemption fee could we challenge?

Any help would be greatly appreciated as it has always left a sour taste in my mouth

Hi, I'm in a similar situation. I have claimed for nearly £3k in late/missed payment charges & solicitors fees. They have until Weds to respond before i take them to court. Let me know how you get on & i'll do the same. I don't reckon they'll contest it in court cos they daren't, it would open up a massive bag of worms for them. Good luck. SUFC