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

What is a SECURITY RELEASE FEE?

mrhappy7
mrhappy7 Posts: 25 Forumite
in Budgeting & bank accounts
Hello

Does anyone know what a SECURITY RELEASE FEE is?

I have a mortgage and current account with First Trust bank and just noticed a charge of £40 to my bank account for something call SECURITYRELEASEFEE.

I am unable to contact them until Tuesday to find out what is going on.

I am kinda of worried as they have not written to rang me about this fee and I have no idea what is.

Comments

  • Crystallady
    Crystallady Posts: 159 Forumite
    Have you recently finished paying your mortgage or a loan?. A security release fee is usually charged when a lender removes their legal charge from the security held against a mortgage or loan.
  • JuicyJesus
    JuicyJesus Posts: 3,832 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    paultir1 wrote: »
    Its a fee designed to release your penis after you have completed your mortgage. In principal, the bigger your !!!!!!, the larger the fee!
    Hope this helps

    I wonder if Martin will be raising hell about this clear discrimination against the well endowed?
    urs sinserly,
    ~~joosy jeezus~~
  • pmduk
    pmduk Posts: 10,700 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It's sad that kids are so bored just hours into their half term
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture