Remortgaging & Exit Fees

Suzkin

Hi All,

Am I right in thinking that each time you remortgage, the lender adds on a mortgage exit fee to the overall loan? If this is the case, if I remortgaged say, 3 times over a period of time, if I write to the lenders requesting a refund, I should be entitled to some kind of refund?

I am no longer the Halifax, but over the 10 years I was with them, I changed (i.e. remortgaged) to about 4 different products (fixed, capped, then fixed etc.). Does this mean that for each time I remortgaged, - even with the same lender - I should be entitled to a refund of sorts?

I would be so grateful for clarification. Many thanks.

jessicamb

Hi Suzkin

Did you see Martin's article on mortgage exit fees. This might answer a lot of your questions.

If you would like more information let me know and I will move your thread over to the mortgages and endowments board.

Suzkin

tHANKS jESSICAMB. i HAVE READ IT, BUT AM STILL A BIT CONFUSED. hOWEVER, i HAVE JUST RECEIVED A REPLY from Mortgage & Endowments (I also posted it there), and so am sorted. Thanks!