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  • OliveOyl_2
    OliveOyl_2 Posts: 3,506 Forumite
    We're due to rollover our mortgage and have been looking at various options this week. And upfront arrangement fees have grown enormously in the last 2 years. One quote we had was £1599.00 :eek: . We did end up paying nearly £900 though. Last time it was nearer £300.

    Our exit fee is £50, but next time it will be £200. They're getting their pound of flesh.
  • rayday2
    rayday2 Posts: 3,960 Forumite
    Did you see on the BBC one show that they are unlawful or something high exit fees - or maybe I am mixing something up.
  • SarahNeedle1872
    SarahNeedle1872 Posts: 6,166 Forumite
    rayday2 wrote: »
    Did you see on the BBC one show that they are unlawful or something high exit fees - or maybe I am mixing something up.
    I think Martins doing something on Tonight on friday about reclaiming Mortgage fees... not sure which ones tho, I know NOTHING about mortgages :confused: (except that I want one!)

    Sarah x
    'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde
  • rayday2
    rayday2 Posts: 3,960 Forumite
    You can have my mortgage!
  • OliveOyl_2
    OliveOyl_2 Posts: 3,506 Forumite
    What is apparently illegal is upping the exit fee between taking the mortgage and redeeming it. Our contract (just expiring) stated £50, so they cannot raise it just because their exit fees are now £200, they have to keep it as per the original contract.
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