We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
New MAF
Skippyd00
Posts: 15 Forumite
October 2006 I received a mortgage offer from the Abbey with a non-refundable mortgage administration fee (MAF) of £995. Asked if I wanted to pay this fee upfront or add to mtg - I paid upfront.6 mnths on...Regretably (through no fault of my own) the house purchase was not successful. It appears that if I had added the MAF to the mtg loan, I would not have had to pay £995, but because I paid it upfront I lose it! (Does this make sense to you?).
Should I just accept my loss or does anyone know how I can reclaim this sum as it was not my own fault that the sale did not succeed?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards