NEW Mortgage Exit Fees Discussion

kiwinz16

I re-mortgaged from abbey to birmingham midshire in june 2004 and was charged £99(by abbey ) .I then re-mortgaged again in jan 2007 from birmingham midshire to chelsea building society and was charged £150( by birmingham midshire ).
Would I be owed anything ?

sarah1975uk

kiwinz16 wrote: »

I re-mortgaged from abbey to birmingham midshire in june 2004 and was charged £99(by abbey ) .I then re-mortgaged again in jan 2007 from birmingham midshire to chelsea building society and was charged £150( by birmingham midshire ).
Would I be owed anything ?

If the charge stated in your mortgage papers is less than you were actually charged then i think you would be entitled to something back. I suggest you check your papers if you cant find them give them a quick call to find out.

3mansers

I'm confused I paid £195 redemption fee to move from one Scottish Widows Mortgage to a new Scottish Widows Mortgage. I dod not have to pay an "early replyment charge as i got this waivered due tot he fact that i was in the last 3 months of the 2 year fixed. They told me that a redemption fee would be £195 on monthly mortgage statements so i take it this is not reclaimable. Also they charge me £132 fore "interest to date of redemption? any advise would be much appreciated!

Thanks

Rbaz

Does this also apply to "Product Fees" applied when I last renegotiated my fixed rate mortgage?

muletman

Hi

Could someone please help me i looking to try and get back my Mortgage exit fee's

Ive found some paperwork but im not sure if its the correct thing i should be looking at, in front of me i have a Redemption Statement that is dated 3 months before my move to Nationwide, in the statement there is a Early Redemption Fee of £466.20

I sure that this isn't the correct figure but just wanted to be 100% with it, i cant seem to find anything else from my old mortgage

cheers to anyone that replies :T

Noz

muletman wrote: »

Hi

Could someone please help me i looking to try and get back my Mortgage exit fee's

Ive found some paperwork but im not sure if its the correct thing i should be looking at, in front of me i have a Redemption Statement that is dated 3 months before my move to Nationwide, in the statement there is a Early Redemption Fee of £466.20

I sure that this isn't the correct figure but just wanted to be 100% with it, i cant seem to find anything else from my old mortgage

cheers to anyone that replies :T

Sorry muletman, what is the question? Early repayment fees are valid fees and they stand if you have been charged that.

Noz

Rbaz wrote: »

Does this also apply to "Product Fees" applied when I last renegotiated my fixed rate mortgage?

Sorry only to MEAFs.

Noz

3mansers wrote: »

I'm confused I paid £195 redemption fee to move from one Scottish Widows Mortgage to a new Scottish Widows Mortgage. I dod not have to pay an "early replyment charge as i got this waivered due tot he fact that i was in the last 3 months of the 2 year fixed. They told me that a redemption fee would be £195 on monthly mortgage statements so i take it this is not reclaimable. Also they charge me £132 fore "interest to date of redemption? any advise would be much appreciated!

Thanks

Only place where its written that matters is your orginal mortgage documentation, not any subsequent monthly statements.

The interest sounds like the interest accumulated between your last normal mortgage payment to the date the mortgage was paid off on. I'm not 100% on this though.

MarkyMarkD

If you switched from one Scottish Widows mortgage to another, you haven't been charged an MEAF and you can't reclaim anything.

MEAFs are explicitly only charged when you redeem a mortgage. Switching mortgage products, on the same property, isn't redeeming a mortgage.

SkylineDriver

Hi everyone :hello: I have just registered onto this forum to ask a question regarding re claiming the mortgage exit fees, I'm slightly confused

Me and my partner had a mortgage with C&G and it was taken out in May 2005 and had a fixed rate for 3 years. We re-mortgaged the property in December 2006 and went with Northern Rock. I do understand that we had to pay a penalty fee as we re-mortgaged within the 3 year fixed period but are we entitled to claim back this exit fee?????

Your help will be appreciated.

Thanks
Claire

P.S We have just received a credit into our bank account from LLoyds TSB for £1200 as we followed your advice Martin and claimed back the unlawful charges so A BIG THANKYOU FOR YOUR HELP AND ADVICE ON THAT ONE!! :T