Mortgage Exit Fees successes and failures

volcano123

just reclaimed mortgage exit fees took 7 days one simple form just receieved 175 pounds in the post RESULT:beer:

mfarro

I took out Nat West mortgage in 1993, repaid in full 2003 and was charged a £225 fee. I KEPT the original mortgage agreement which did not mention any sealing fee. In May 2008 I sent off this website's template letter adding that there was no fee mentioned on my original agreement (and enclosed a photocopy of it). FULL refund received 17 days later by cheque with no argument! Best 15 minutes work ever. Top Tip from me, don't throw away old paperwork as i'm sure being a hoarder it helped. Thanks Martin

Bob_Adams13

I exited a mortgage from Standard Life in 2006 and transferred to the Alliance & Leicester. I was charged £200. After seeing Martin Lewis on GMTV last year I wrote to Standard Life and they gave me a £50 refund, I wrote back and asked them to provide me with a breakdown of the £150 'Admin Fee' I was still being charged, they sent me the remaining £150.

In June of this year my 2 year mortgage with Aliance & Leicester came to the end and I transferred over to the HSBC. Again I was charged an exit fee, this time £295. Again I wrote to them asking for it to be refunded, they wrote back informing me that the fee was justified and they stand by the charge. I wrote back again and asked for a breakdown of what exactly I was being charged for, very promptly a cheque for the £295 came my way.

Big thanks to Martin Lewis :money:

timdosser

Halifax are reasonable if you ever get to speak to the right person! Which can take a long time!

baggypants

Thanks to Martin s advice - I have successfully reclaimed my mortgage exit fee, in full from the lender Bristol and West.
All it took were 2 letters, and a little perserverance.

Well worth the time and effort, in these hard times !

jchannon

Hi,

I'm new to the forums and was after some friendly advice. I took out a mortgage in October 2006 and about to switch to Nationwide.

Abbey want £225 exit fee. I see on the chart http://www.moneysavingexpert.com/reclaim/mortgage-fees they call it a mortgage account fee but so I'm not sure if I am eligible.

Does anyone have any experience with Abbey with this £225 fee?

Jo1568

well so far so good.
had a mortgage with c and g in 1996. Wrote to them and they have agreed to pay £85.47 which is £50 plus interest. then had mortgage with halifax. rang them and got £25 bank draft within three days. that was a mortgage in 2000. then came northern rock have had £75 so far and awaiting a further £150 from two other mortgages with them. Abbey say no as didnt pay enough and I have accepted that as it was a £99 fee. considering its a few minutes typing the letter and a stamp and chase up call its quite easy money.

jo

_Andy_

jchannon wrote: »

Hi,

I'm new to the forums and was after some friendly advice. I took out a mortgage in October 2006 and about to switch to Nationwide.

Abbey want £225 exit fee. I see on the chart http://www.moneysavingexpert.com/reclaim/mortgage-fees they call it a mortgage account fee but so I'm not sure if I am eligible.

Does anyone have any experience with Abbey with this £225 fee?

Presuming the mortgage you took out specified the £225 account fee, there's nothing to claim back as it's what you agreed to.

pipminshull13

I telephoned the Chelsea B S re mortgage exit fee they wrote back saying the exit fee applicable when the mortgage offer was made was £175.00 and as this was the fee charged at redemption - i.e. was not higher than the fee applicable when offer was made - a refund is not due. My question is can I do anything or are my hands tied?

_Andy_

pipminshull13 wrote: »

I telephoned the Chelsea B S re mortgage exit fee they wrote back saying the exit fee applicable when the mortgage offer was made was £175.00 and as this was the fee charged at redemption - i.e. was not higher than the fee applicable when offer was made - a refund is not due. My question is can I do anything or are my hands tied?

There's nothing you can do - you agreed to £175, there is no problem or refund due.