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Close Mortgage Acc

Hi New to this site!!! Can anybody tell me do we have to close our Mortgage Account with Santander. My Endowment matures and we can pay it off. They are charging us £298 to do that. What a rip off!!!!!!!!!!!!!!!

Comments

  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Do you have the old paperwork when you took out the mortgage ?
    Now a few lenders have had there wrists slapped for charging the current 2013 mortgage exit fee and not the fee you agreed to when you took out the mortgage in 1988?
    Ask them WHY are you charging me £298
    Just call the mortgage centre
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What does the £298 charge consist of?
  • dunstonh
    dunstonh Posts: 121,109 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    They are charging us £298 to do that. What a rip off!!!!!!!!!!!!!!!

    If you think it is a rip off then why did you buy it in the first place?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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