Reclaim your unfair mortgage charges too

Keyser_Soze_3

I used the template letters to reclaim most of the final repayment charge of £275 applied by my mortgage lender when I switched mortgages last November.

This was the admin fee for closing the account, NOT a redemption penalty. Defaqto estimates that this costs a lender around £35.

At first they tried to fob me off, saying they were perfectly entitled to apply a fee of their choosing.

However, the second letter threatening County Court action did the trick & they replied by crediting my bank account with £180 plus £1.49 interest.

These charges have been rising over the past few years (it would typically cost around £50 six years ago) as the lenders attempt to stop us shopping around once the tie-in ends.

Good luck everyone, and tell your friends !

breidge

Hi, i did the same we changed our mortgage in november last year and only read about claiming fee,s back today on martins site, i took his advice and rang the company and they are sending me on £135. Very pleased