Mortgage exit fees

Hatt43

Fantastic result one phone call & C&G bluiding society offered £177 exit fee refund, not even one letter, exit fee was £225 hey we all have to eat, 3min call preferable to letters/court action. Dont be greedy claiming all refund charge, next reclaim any charges made to account for late payments
More power to reclaimers. Dave

absolutebounder

Wow another 5650 mortgages like that and you will be a millionaire like me. Mind you not having ever claimed back a fee I could have missed the opportunity to be a multimillionaire

Dithering_Dad

absolutebounder wrote: »

Wow another 5650 mortgages like that and you will be a millionaire like me. Mind you not having ever claimed back a fee I could have missed the opportunity to be a multimillionaire

I wouldn't concern yourself what this moron has to say. After he had a rant at me I checked out his other posts and he seems to go from one thread to the next trying to cause arguments (hence his signature, which should read "Don't argue with me cos I'm not worth it").

JoeK_3

autumn953 wrote: »

Hi,

I am very sorry to jump into your discussion like that but, I have a similar querry.

I have just remortgaged my home and have received a redemption statement from my previous lenders saying

Early Repayment Charges as £0.00
Sealing Fee as £225.00 !!!

Is it the same as Mortgage Exit Fees that Martin advised us to reclaim in his article? I was not aware of facing this possible charge when I planned to switch . I have spoken to my independant financial advisor who helped me buy this house in 2004. He was not too helpful. Being up against Royal Bank of Scotland ... what are my odds? Can I save on this? What piece of paper I need to look at to find what fees I agreed to at the time of purchase. Please help me.

And this particular one is for Dithering Dad .... How did you manage to take control of your finances in such a short period of time ... please give me some advice too, I will idol you.

Love Autumn

When you took out the mortgage, you received two major documents from the lender:

1) The mortgage offer
2) the mortgage deed

Both these contained the sealing fees mentioned. Check this figure with the one that you actually paid.

JoeK

JoeK_3

autumn953 wrote: »

Ok thanks a million for that reply Joe.

There is a huge problem here. I do not have the mortgage deed (I was never given one). All I have though are a few annual mortgage statements and an 'illustration mortgage' which looks like an example of what my possible mortgage layout might be.

I have a feeling that the Independant Financial Advisor that was helping us borrow has all these documents (God knows why)

or

The Royal Bank of Scotland failed to send these to us (this is what I remember my advisor mentioning).

What do I do?

Love Autumn

Slight confusion here that requires clearing up.

You should have a mortgage offer that you received from the lender.
The mortgage deed was what you signed at the solicitors or through the post just before completion. If done through the post the mortgage deed was then sent to the lender and is kept by them as it forms the basis of the legal mortgage. Check your documents for the mortgage offer as this was sent to you by the lender.

Sorry for any confusion caused.

You can clear all this up very quickly by a quick call to your lender and request copies of documents or ask them for the information that you require.

JoeK

Scott

Autumn: give them a call and request any docs you need. They'll issue them for free/for a small charge.

toonfish

why would the advisor need/want a copy of your survey or mortgage deeds? The solicitor will have the deeds if anyone, and the survey is between yourselves and the mortgage lender.

toonfish

OK - the fact that you never recieved a survey report then that seems really odd. Also, if the property is new (under warranty) then I don't see any reason for going for a homebuyers report/structural survey.

Normally though the lender would insist on some type of survey. The mortgag eoffer and mortgage deed shoul dboth have been sent direct to you, with copies to your solicitor.

My guess (and I've seen this before) is that all of these things have been sent to the incorrect address, probably by the lender

toonfish

they might have gone to any random address I'm afraid, not just your old one. I'd see him and fuind out if he has any more info but I'd also contact the mortgage lender and solicitor myself to see if they have a copy.