NEW Mortgage Exit Fees Discussion

MarkyMarkD

There's no entitlement to 8% for reclaiming MEAFs or anything else.

I'd suggest asking for the rate of interest on the mortgage, as that is what you've actually paid on the over-charged amount. Anything more than that is illogical.

GooWorld

I arranged a mortgage in June 05 with BIM, and had the contract stated a release fee of 195. When i remortgaged last year i was indeed charged 195. Can i still claim back any fees as i still think this fee is high for the work involved??

Thanks

ILW

GooWorld wrote: »

I arranged a mortgage in June 05 with BIM, and had the contract stated a release fee of 195. When i remortgaged last year i was indeed charged 195. Can i still claim back any fees as i still think this fee is high for the work involved??

Thanks

I take it that this is sarcasm?

VeeW

Can't find where I asked this q before, sorry not too good at this! But can anyone advise me why I have to pay the discharge of mortgage fee in whole to Northern Rock who then advise that they cannot do the job as I live in Scotland so must pay a solicitor to deal with the discharge for me?

MarkyMarkD

Because the fee is not to cover the work your solicitor will have to do. The fee is a condition of your mortgage - it is irrelevant what they have to do.

bluffer

I moved from A & L to Nationwide last year and saved myself almost 200 quid on this fee alone thanks to this site.

Cheers !

jazzib201073

Just been offered a full refund of MEAF from Northern Rock. They offered £60 not including interest. Wrote back and requested increased offer to include interest and "goodwill" gesture. Have offered £175 as their policy is not to continue disputes with customers! Get your letter in and push for the interest. This brings my grand total to £300. I have received refunds from Cheltenham and Gloucester and Newcastle Building Society.

Thanks Martin for the template letters and highlighting this.

johnr08

Hi All.
Sorry if this has been asked before, but I'm looking to get rid of my A&L tracker and go for a fixed rate. A&L tell me there is no redemption penatly, but there is an "Admin Fee" of about £200. I heard that I could get them to wave this or claim it back......anyone know how??
Thanks
John

_Andy_

johnr08 wrote: »

Hi All.
Sorry if this has been asked before, but I'm looking to get rid of my A&L tracker and go for a fixed rate. A&L tell me there is no redemption penatly, but there is an "Admin Fee" of about £200. I heard that I could get them to wave this or claim it back......anyone know how??
Thanks
John

John if £200 is what you agreed to, i.e. in your mortgage offer letter, then there is nothing to claim back.

MarkyMarkD

Indeed it may not be an MEAF, but a product switch fee. In which case it is not waivable or reclaimable at all.