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Mortgage exit fee success, but got a question
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past_1999
Posts: 15 Forumite
Hi
Got a letter today from my bank (NatWest) that I get £140 back from my recently redeemed mortgage (They wanted £225 orginally from me).
But I have a question: What is actually the difference between a Sealing fee and a Deeds Release Fee? NatWest claims that when I took out the mortage the fee quoted was £85 which was split into £50 Sealing fee and £35 Deeds Release Fee .. this sounds abit like I have to pay twice (an amount) for administration done to close my mortgage account. Or in other words, is £85 for administration fees justified at all?
They say in the letter that they keep my case open for 8 weeks (to allow ample time for me to consider their comments); before I go back and challenge the £85 (or at least parts of it), I want to get my story backed up by people with experience and to get the fact rights.
Any help/guidance/advice is welcome and greatly appreciated.
Got a letter today from my bank (NatWest) that I get £140 back from my recently redeemed mortgage (They wanted £225 orginally from me).
But I have a question: What is actually the difference between a Sealing fee and a Deeds Release Fee? NatWest claims that when I took out the mortage the fee quoted was £85 which was split into £50 Sealing fee and £35 Deeds Release Fee .. this sounds abit like I have to pay twice (an amount) for administration done to close my mortgage account. Or in other words, is £85 for administration fees justified at all?
They say in the letter that they keep my case open for 8 weeks (to allow ample time for me to consider their comments); before I go back and challenge the £85 (or at least parts of it), I want to get my story backed up by people with experience and to get the fact rights.
Any help/guidance/advice is welcome and greatly appreciated.
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