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Query re mortgage charges & looking for advice
Options
Flossiesdoll
Posts: 36 Forumite
I switched mortgages last year from Northern Rock to Lloyds TSB. Looking at the NR redemption statement, it says Discharge of Mortgage Fee £250 and early redemption charge £1140.
Which of these can I claim for? Just the discharge fee, or both?
Any advice much appreciated, thanks.
Which of these can I claim for? Just the discharge fee, or both?
Any advice much appreciated, thanks.
0
Comments
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Martin's article will explain this in detail for you (http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1170081918,22653,)0
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Neither
They would have been printed within the original terms and conditions, which you agreed to and signed at the ouitset
JohnI am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice0 -
Neither
They would have been printed within the original terms and conditions, which you agreed to and signed at the outset
JohnI am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice0 -
Neither
We know that this is not true.They would have been printed within the original terms and conditions, which you agreed to and signed at the ouitset
John
Yes but lenders have increased their Discharge of Mortgage Fees illegally.
Go for this one.
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
Flossiesdoll wrote: »I switched mortgages last year from Northern Rock to Lloyds TSB. Looking at the NR redemption statement, it says Discharge of Mortgage Fee £250 and early redemption charge £1140.
Which of these can I claim for? Just the discharge fee, or both?
Any advice much appreciated, thanks.
It will depend on when you took out the Northern Rock mortgage and what was in the original T&C's when you signed in agreement.
If the original T&C's clearly state a discharge fee of £250 then you have no claim.
Regarding the redemption charge, you have no chance. You have had the benefit of whatever incentive they gave you thus you have to suffer the redemption charge should you leave early.0
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