Halifax charged to take mortgage out

help04

Hi, I am going back to 11 yrs ago. I took out my first mortgage with Halifax and they charged me £3k because I was a "risk" and didn't earn enough. I have always paid my mortgage never had any arrears. Does anyone know if I can claim this back. It seems this was unfair. They put the £3k on top of the money I originally borrowed. Thanks,

FireWyrm

I doubt it, but in the light of recent bank scandals and mis-selling, it might be worth a letter. Give it a go, see how far you get. You could argue that the 3K was a 'bond' and that you have proven to be a good risk so far. You might also argue that 3K doesnt reflect the actual work required to set up the mortgage and is perhaps unfair for that reason.

poppasmurf_bewdley

FireWyrm wrote: »

I doubt it, but in the light of recent bank scandals and mis-selling, it might be worth a letter. Give it a go, see how far you get. You could argue that the 3K was a 'bond' and that you have proven to be a good risk so far. You might also argue that 3K doesnt reflect the actual work required to set up the mortgage and is perhaps unfair for that reason.

Problem is you could get the £3k back, and then do a runner or default on the mortgage. Surely it can't be proved the bank was wrong to assess the applicant as a high risk until the loan is finally paid off.

Storm

It's always worth asking, but I wouldn't have thought so - you understood the charge at the time and agreed to it being added to your mortgage.

beanielou

Storm wrote: »

It's always worth asking, but I wouldn't have thought so - you understood the charge at the time and agreed to it being added to your mortgage.

I agree with this.

[Deleted User]

I agree, but I'm sure they are going to say this was the product fee.

chanz4

its like people who (paid) welcome, do they get a refund if they paid the high apr?