Ge capital set up fees

scramble5868

Hi I was contacted recently by a firm called chase Alexandra about excessive set up fees on a GE capital mortgage we took out through a mortgage adviser about six years ago,they say we can claim the excessive fees back,is this true or is it a scam,can anybody help please.

dunstonh

they say we can claim the excessive fees back,is this true or is it a scam

Cant say if its a scam but there is no reason to believe you can claim back any fees agreed with a mortgage adviser or lender. The FSA does not define excessive fees and whilst you do get some greedy sods out there, if you agree those fees then that is your choice.

its no different from getting 3 builders to quote on a job and most expensive one could be £20,000 more than the cheapest. It is up to you which one you employ.

magpiecottage

What excessive fees?

How does this firm know about them, or about your mortgage?

scramble5868

The fees to set up the mortgage were around £4500 the mortgage adviser told us to go with Ge capital because our credit rating was not that good,our solicitor told us the fees were crazy,we went with them because of what the adviser told us