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Should we be charged exit fees for switching products within the same provider?
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GlobalTrader
Posts: 1 Newbie
Hi,
Does anyone know whether the new 'best practice' guidlines for mortgage companies to cover the topic of charging exit/deeds release fees when you simply switch mortgage products within the same provider?
I recently switched my Bank of Scotland mortgage to an Intelligent Finance mortgage (which is part of the same company/group) and was charged a deeds release fee even though, strictly speaking, I was not changing my provider....
Any thoughts/input would be welcome.
Does anyone know whether the new 'best practice' guidlines for mortgage companies to cover the topic of charging exit/deeds release fees when you simply switch mortgage products within the same provider?
I recently switched my Bank of Scotland mortgage to an Intelligent Finance mortgage (which is part of the same company/group) and was charged a deeds release fee even though, strictly speaking, I was not changing my provider....
Any thoughts/input would be welcome.
0
Comments
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I imagine its because BoS and IF are 'technically' different companies. If you had gone BoS to BoS then there wouldnt have been an exit fee.0
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