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Early settlement charge

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Can anyone help I lost my home in a fire 3 years ago. I am still trying to get all the insurance. I received enough to repair the house but the mortgage company would not let me do this. I asked they held the money & made stage payments to the builders, they would not do this but made me sell. Having sold & paid off oustanding mortgage, they charged me £7500 for early settlement, I really feel this is unfair as I tried every which way to hold on to my once beautiful home. Any help would be great.:mad:

Comments

  • AndrewSmith
    AndrewSmith Posts: 2,871 Forumite
    This is an interesting one actually.

    Have you sought advice from CAB or from a legal source?

    Andy
  • camkick
    camkick Posts: 25 Forumite
    No but have just been on penaltycharges.co.uk there is a post there. I think it really unfair even if it's no unlawful
  • Amazing.... almost unbelievable.
    ..
  • Xbigman
    Xbigman Posts: 3,915 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I've no advice I'm afraid. Have you tried complaining directly to your lender in writing to see what they say?
    My sympathies.
    Regards



    X
    Xbigman's guide to a happy life.

    Eat properly
    Sleep properly
    Save some money
  • dwsjarcmcd
    dwsjarcmcd Posts: 1,857 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I would be tempted to write to the papers about this (and your MP). I can see a feature on the Mail on Sunday.

    crazy, crazy decision
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