Mortgage Exit Fees successes and failures

dv4

Thanks to MSE for the advice about reclaiming MEAFs! I sent the template letter to Northern Rock a few weeks ago and just had a letter offering to pay me back £250 as a final settlement of the claim. Very straightforward. regards, dv4

MarkyMarkD

dv4 - 1
All other taxpayers - 0

d'oh!

diane76

I called Halifax after reading this yesterday. They said I am entitled to 100 pounds and that the cheque is in the post. :T

sirmarcus

Got some great news from the FOS this morning. As a gesture of good will, Barclays have agreed to refund all of my MEAF charges and so I am very happy !!

Many thanks to the advise and support, which I have got from this forum, to help me get this result !!

sadie48

Hi, I am new to this forum but just wanted to let you know that after reading about the Mortgage Exit Administration fees on this site I wrote to the Halifax Bank and they wrote back saying that we can have £125 back. I have sent off the form and am now awaiting the cheque.

lisimac

Read about mortgage exit fees on MSE this morning, phoned the Halifax and I will be receiving a refund of £135 in the next two weeks. It was a very quick and painless process, all done over the phone.
Great result; I'm a very happy bunny!

dunstonh

sirmarcus wrote: »

Got some great news from the FOS this morning. As a gesture of good will, Barclays have agreed to refund all of my MEAF charges and so I am very happy !!

Many thanks to the advise and support, which I have got from this forum, to help me get this result !!

The system really needs to change to stop this sort of thing happening.

What effectively has happened here is the FOS have given the bank the opportunity to resolve the case without paying the £600 odd FOS fee by refunding the MEAF instead which is less than £600.

Effectively, the complaints process allows consumers to blackmail the companies into paying. It also ties up the FOS with irrelevant and try-it-on complaints when their resources are better placed dealing with genuine complaints that need dealing with.

cjf329

Thank you Martin.
Wrote to the Coventry using your template for mortgate exit fee's.
Paid £195.00 three weeks ago,had been with them since 1993 but took an extra loan in 1999 ,asked for a refund of £145.00.They sent
me a cheque for £100 saying sorry i was unhappy.:j:beer: Result.Everyone should do it.:money:

Steve_xx

dunstonh wrote: »

The system really needs to change to stop this sort of thing happening.

What effectively has happened here is the FOS have given the bank the opportunity to resolve the case without paying the £600 odd FOS fee by refunding the MEAF instead which is less than £600.

Effectively, the complaints process allows consumers to blackmail the companies into paying. It also ties up the FOS with irrelevant and try-it-on complaints when their resources are better placed dealing with genuine complaints that need dealing with.

Yes you're right, the system certainly does need to change to prevent this. The simplest way for this to be changed is for the banks to stop levying these underhand charges to an unsuspecting public.

andy.m_2

finally got my money from the woolwich/barclays.
banked the cheque and paid off my overrdaft with the proceeds, double win for me, thanks fellow MSE'ers