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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.0 -
Did you see on the BBC one show that they are unlawful or something high exit fees - or maybe I am mixing something up.0
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I think Martins doing something on Tonight on friday about reclaiming Mortgage fees... not sure which ones tho, I know NOTHING about mortgagesDid you see on the BBC one show that they are unlawful or something high exit fees - or maybe I am mixing something up.
(except that I want one!)
Sarah x'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde0 -
You can have my mortgage!0
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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.0
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