NEW Mortgage Exit Fees Discussion

Degs45

Just been on the phone to them and we paid £100, just filling some forms in as I type ..

Gemmzie

We've just phoned and they are asking for a huge amount of information, we don't have any of it any more. She did say that the fee was £150 but we needed to write with all this info, do we or is she wrong? And if she is wrong, what do we do now?

Degs45

Gemmzie wrote: »

We've just phoned and they are asking for a huge amount of information, we don't have any of it any more. She did say that the fee was £150 but we needed to write with all this info, do we or is she wrong? And if she is wrong, what do we do now?

I just sent them my previous address and they sent me an offer which we then negotiated on the phone , this was last year like and we got £137.50 out of the £150..:j

Gemmzie

She said we were owed £150 on the phone but they needed a lot of information about final amounts, dates we ended the mortgage, term, rates. Argh... we have nothing

MarkyMarkD

hock79 wrote: »

I am coming to the end of my fixed rate with Northern Rock and my redemption statement lists a discharge fee of £250. Whilst this was probably listed on my agreement, I can't help thinking that it's a bit steep considering they're practically turfing me out, yet I have to pay to leave. They are not offering me a competitive product to stay, they want rid of me, so why should I have to pay to leave? They obviously need the money but does anyone think I can get them to reduce/waive this fee, has anyone had any luck with similar recent discharge fees?

No, they're not "practically turfing you out". You took a short-term fixed rate and you knew that the go-to rate would be their SVR.

They don't have to offer you a switch.

You still have to pay the MEAF.

littlerose12345

Hi there,

Could you let me know if this is applicable to mortgages that have come to the end of term?

Thanks

Chris_Thyer

Hi I ended my mortgage early with my former lender and they charged me about £6500 redemption fee. Can i get any of that back?

Any advice would be great!

Noz

littlerose12345 wrote: »

Hi there,

Could you let me know if this is applicable to mortgages that have come to the end of term?

Thanks

Typically MEAFs are not charged if the mortgage runs full term

Noz

Chris_Thyer wrote: »

Hi I ended my mortgage early with my former lender and they charged me about £6500 redemption fee. Can i get any of that back?

Any advice would be great!

That's an early repayment charge, not a MEAF, so 'no' is the answer.

kidtechnical

Hi there,

Just a quicky post as I'm swimming in paperwork :rotfl:

I am planing on claiming my £225 mortgage administration fee from Abbey, but notice they also charged me £75 transfer fee, which I had to pay by cheque. Is this something I can claim back also, or is it just the admin fee?

Thanks in advance for responses - PM me if this q's been asked to death, I've browsed the thread & can't find anything about transfer fees, but then my eyes are nipping from reading the afore mentioned paperwork :rotfl:

editing my post to include:
Now I'm really confused! I've looked on my mortgage contract and it says £225 Mortgage administration fee... I'm gathering that when doing the letter I should put
"[FONT=&quot]My contract with you stated a MEAF of £0, however, I was actually charged £225. I believe this unexpected increase does not reflect the true cost to Abbey of covering the staff and administration costs involved and I believe I have been unlawfully deprived of the money."

Can someone confirm if this is the correct wording? I have the letter sitting ready to print off. I'm so rubbish at all this stuff![/FONT]