Mortgage Exit Fee Lender Table

Channelseven

Just called Halifax and asked for my exit fee charges to be refunded. I was told that the charge of £115 was correct and endorsed by the FSA. I exited my mortgage in FEB '07. I think I may have been fobbed off?

Noz

Channelseven wrote: »

Just called Halifax and asked for my exit fee charges to be refunded. I was told that the charge of £115 was correct and endorsed by the FSA. I exited my mortgage in FEB '07. I think I may have been fobbed off?

What makes you think that they are incorrect?

Blackspeech

Hi there - I noticed that the column reading 'now' states a Zero value for Northern Rock. They have just written to me saying that they want 250 to exit my current mortgage and move to the Nationwide BS.

Should I pay and reclaim or refuse to pay on the grounds of the FSA ruling on MEAF. I think that i should ask them to justify the costs....

Help appreciated.

Thanks

Former_MSE_Wendy

This is probably the fee that your contract says Blackspeech. The £0 now is for new Northern Rock customers. You could ask for a justifation of costs too though

Wendy

bamberbamboo

:T Natwest should have added in a column call and you can have an answer straight away

I was going to write the letter but as my copying and pasting was useless I decided to call the Abbey x 2 mortgages and then the Natwest, Abbey said "no problem we'll send you 2 claim forms", and Natwest where great it took 3 1/2 minutes!!!!!!!!!!!! great for £140.00, the lady said "just let me check your mortgage, yes you paid £225.00 and it should have been £85.00 whats the name of your bank/sort code and account number ?£140.00 will in your account within 10 days"

:j

SilverFox59_2

Just to let you know that your letter did not work at all for me in getting £150 fees back from Standard Life -

Basically they wrote back saying that the fee £150 fee wasn't in the contract - but when I was thinking of switching .. I asked them for a quote .. and they claim in the new quote they said there was a £150 fee .. so I was now aware of it when I did switch to RBS.

Well at least I have a number to ring now and discuss further / negotiate.

I'll let you know if they are still digging their heels in.

Silver Fox

MarkyMarkD

I don't see why you think you've got any basis to discuss or negotiate, SilverFox. If you chose to switch on the basis of an offer which included a £150 MEAF, then that's the amount you are contracted to pay and that's the amount it's reasonable and fair to pay as well.

MarkyMarkD

Blackspeech wrote: »

Hi there - I noticed that the column reading 'now' states a Zero value for Northern Rock. They have just written to me saying that they want 250 to exit my current mortgage and move to the Nationwide BS.

Should I pay and reclaim or refuse to pay on the grounds of the FSA ruling on MEAF. I think that i should ask them to justify the costs....

Help appreciated.

Thanks

The costs are irrelevant. If your offer said £250, £250 is what you should pay according to both the FSA ruling and common sense fairness.

alec2

The Alliance & Leicester fee in 1982 was £85 - I've been told by a lady called Jenny that I'm not entitled to anything, but will pass my request on to the appropriate people

QuickKeith

I am just about to remortgage away from Halifax and there is an exit fee of £175 is this too high and should I tell them now before it is paid off or wait till afterwards?

Also I had a buy to let mortgage with Leeds, took it out Oct 06 changed it April 07 would this be worth a phone call or did I need to have the mortgage longer?

Thanks if anyone can help.