NEW Mortgage Exit Fees Discussion

Noz

petal612 wrote: »

I am about to remortgage with Nationwide. Got mortgage with Abbey in 2004they want £225 to leave can I claim from them now or do I have to wait till I leave.

Either, your choice.

JenJen1_2

thanks, i couldn't find my old contract so didn't know if i would get anything. Looks like i am in for £100, not to be sniffed at!

Lisa2384

Hi Everyone I sent the template letter of to Abbey on the 11th May but i still havent heard anything ! Just wondering if anyone has had a refund from abbey using the template letter? Or even by phone call? If so how long does it take? Am i expecting to much to quick?

Thanks

Lisa x

SamC2007

Now that everyone is checking back through their MEA fees (and hopefully claiming them back!) I think the Banks are trying to get their own back - Abbey have now added the following clause to their mortgage contracts -

"A Mortgage Administration fee (current fee) for providing, maintaining and closing your mortgage is payable at the end of your mortgage. The amount we charge you will not exceed this amount (£225) plus the annual increase of the RPI calculated to the end of your mortgage."

Who can predict what the RPI will do during the next couple of years? and for anyone who doesn't change their mortgage, they could end up paying RPI compound interest over 25 years. I thought that the FSA regulations meant that consumers had to be given clear and concise information up front about any costs they might incur?

I thought you might like to investigate this one further?

ex-pat_2

I have submitted a claim to C&G as I cleared my account in 2004 when we decided to re-locate to Spain. I cannot find my reference number, but gave them all details of the property etc. Today they replied saying they cannot find anything connected to the details I gave them!! I find it unacceptable with today's technology that they should come back with this answer. How should I now pursue the matter?

worldtramper

Hi Martin
We are just abouts to finish our mortgage with Northern Rock. Can you tell me is it best to ask about the exit fee before we finish or reclaim after?

debtfreeatlast_3

I have just repaid mymortgage with Halifax and they only charged me a small amount, as per code. However I also had a secured loan that I repaid at the same time with another company and they charged me a lot more - do secured loans come under this legislation or not?

Many thanks if anyone knows.

cat_matt

hi
just a quick question with regards to paying off my mortgage with the woolwich/barclays whoever it is these days..in april i asked for a valuation statement and i got back a statement of payments since 1/10/2006 till 26/03/2007 at top it says balance brought forward of £57,816.57 at the bottom it says interest due £2,075.33 & final repayment charge of £275.00 making a total of £58,389.25 does anyone know where do i stand with this interest due and repayment charge?
thanks in advance
cat

debbieaiken

hi ive just read the table of figures relating to the figures for MEAF's. It shows the Abbey as previously being £225, now £0. I went into our local branch last week and was quoted £225. All we want to do is shift our mortgage to another property when we move, dont want more money. The lady said it was a charge for the early settlement of our mortgage, but did say that there would be no charge for setting up the new mortgage. I dont think we should have to pay this £225, am i right?

moonlightpjs

Can anybody please advise - we have had previous mortgages with GMAC and Kensignton Mortgages though we no longer have the account details so do I just call them to reclaim the exit fees, will they listen even though we haven't got our old account numbers. Both accounts were finished in the past 5 years. Any help much appreciated. Have looked on the table and these mortgage providers are not listed???