mortgage in principle santander

cossiemad99

i am buying my own home and last week(friday) spoke to santander about a mortgage with them and they gave me one in principle based on a 2year fixed with a £99 booking fee happy with that i made my offer to my delight got accepted so i rang santander back up and they now are telling me the booking fee is £499 :mad: how can they do this i only spoke to them last friday and now they are saying 4days later the fee has gone up:mad:, can they do this as i thought the mortgage in principle was a offer that they would be willing give me a mortgage (subject to val and seaches etc) based on the 2 years fixed rate they was offering am i wrong or could i argue with them, i find its a joke as 400 pound is a lot of money for the same service they was offering at £99

kerri_gt

Have you actually asked them about this difference?

Thrugelmir

cossiemad99 wrote: »

can they do this as i thought the mortgage in principle was a offer that they would be willing give me a mortgage (subject to val and seaches etc) based on the 2 years fixed rate they was offering am i wrong or could i argue with them,

Did you submit a completed application form or merely made an enquiry?

GMS

A mortgage in principle will not reserve a product. A full application would need to be made to secure a product and therefore rate and fees.

If the products or criteria change between a Decision in Principle and Full Application then the products available at the time need to be used, not the ones that were available at DIP stage

cossiemad99

Thanks for the replys it seems there isn't much I can do so going have to put it down to one of lifes learning curves that everyone just want your money

Wh05apk

Abbey tend to have 3 sets of deals, one with a high rate and £99 fee, through to low rate and 1/2 % or £999 fee, it could be the sales person has put you onto a differenct deal?