Mortgage Exit Fees successes and failures

Rockydennis_2

Took out mortgage with Abbey in 1997. Paid 225 pounds MEAF in 2006. They sent me the 'are you eligble for a refund form' which I returned over six weeks ago. Called them today as not heard a whisper. They haven't recieved so will send me another. There is a possibility that it has got lost in the post but I doubt it. Should I send the next form as recorded delivery? Has this happened to anybody else? Why does it take Abbey so long when other providers are giving refunds within days?

Thanks

MarkyMarkD

Foxways3 wrote: »

Hi there. I am currently in the process of remortgaging and have been advised by A&L that they are to levy a MEAF of £295. I have constructed a letter asking for a breakdown of their charges but at this time I still remain with them. Am I better waiting till I have settled with my new lender or should I pursue getting it down now. Are there any tips for what should or should not go in the letter.

Thanks

Fox

A breakdown of the charge is irrelevant. If you signed up for a deal with a £295 MEAF, then that's legally and morally what you should pay.

If the deal stated a different MEAF, then that's what they should be asking you for and what you should pay.

lucretia_ten

Hi all

Just to let you know that after making a phone call to Abbey I received the 'eligibility form' in the post, returned it and within 10 days have now received a cheque for £130 :j I am so happy :T

My mortgage was taken out in 2002 and redeemed in 2007 and paid £225 to exit. It's so nice to get something back for a change.

Good luck to all with your claims and a big thank you to Martin and the team :A :beer: cheers!

Protopia

We sold our house and paid off our mortgage in March.

I phoned Barclays this morning and agreed a refund of £180 of the £275 final fee.

jojo1964

Just made a 2 minute phone call to the Abbey, 2 forms to fill out and will recieve a cheque for 45 quid, thanks.

oscarhugo

The Halifax has just verbally agreed to pay me £35. It's not a huge amount (apparently my fee should've been 40 quid & they charged me 75 back in 2001) but it's better in MY pocket than theirs, I reckon! Thanks for the tip-off.

Savvysal

Hi All

A huge thank you to Martin and his team

Just want to say that after reading about MEAF refunds I got in touch with The Halifax with whom I settled my mortgage back in 2003. Despite having no remaining documentation regarding my mortgage, I still qualified for a £35 refund, which although only a modest amount is always very welcome - all for the cost of a phone call and a stamp. Well worth doing.

1018hats

I have successfully reclaimed my entire £250 MEAF from Northern Rock, even though it was in my original mortgage contract. I asked them to justify it by giving me a breakdown of how the figure was arrived at. When they refused, I threatened to go to the industry watchdogs and the FSA, on the grounds that they must be hiding something, and they paid up in full without a whimper.:rotfl:

spotty12

Evening all
I changed my mortgage from B&B to Britannia three years ago and got charged £235. I sent a copy of Martin's letter with a few alterations and demanded my money back. I've just had a cheque for £185.
Thankyou very much Martin!

Regards Pat

dales18

After watching It Pays To Watch I was inspired to write to Yorkshire Building Society questioning ny exit fee which they charged when I redeemed my mortgage in 2004.I didn't have any documents to prove what I paid or the original contract when I took out the mortgage ,only the account number,however, after only a month I have received a cheque for £51.50 It was that easy.
Thank you Martin:j