Reclaiming Mortgage Charges

eviebea

I'm currently in the middle of re-mortgaging, also from Halifax to Nationwide.

Halifax's original redemption admin fee quoted when I took out my Halifax mortgage in late 2004 was only £115, so definitely a big rise.

Will be most interested in how you get on, as I'll be challenging them about the increase after I complete in March.

funkmaster_2

When I signed up for my Natest Mortgage in 2004 the sealing fee (the fee they charge when you move away from them) was £100.00

When I came to remortgage and move my mortgage to First Active in 2006 the sealing fee had gone up to £225. I queried this, saying that they had me over a barrel and they could in theory have charged me £1000 to come out - I didn't have a leg to stand on. Obviously I had to pay it, but it annoyed me that they could change the terms during the term of my mortgage.

It seems quite right, therefore, that I should be able to claim the £125 back - but has anyone got a suggested letter that I should write or should I simply pen one myself?

Thanks

geordiescouse

funkmaster, there is a draft letter on thisismoney.co.uk for claiming redemption fees back, its a bit basic, but it may help. I'm using an extended version of this for mine against Abbey.

shrewd_saver

Link referred to is http://www.thisismoney.co.uk/refunds see also http://www.thisismoney.co.uk/campaigns/article.html?in_article_id=416874&in_page_id=163

draker

Hi,

Please could any Northern Rock mortgage customers who view this forum look to see what the NR mortgage exit fee was in 2003.

I redeemed my mortgage and paid a £250 fee in 2006, but i'm sure it was a lot less when I took out the mortgage in 2003. I have kept my old mortgage statements, but there is no reference to fees.

Thanks in advance

draker