We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage Lender Unhelpful! Please Advise
sammorris
Posts: 1 Newbie
I sold my house and paid my mortgage off in full last December. The Lender, NatWest, charged me the standard £225 in exit admin fees (MEAF). I had taken the mortgage out as a fixed rate deal in 2003, renewed at a new fixed rate in 2005 and then repaid in full in 2006.
I contacted them by telephone, enquiring about a refund as these charges are unreasonable (see Martin's table of lenders). They told me that because the fees had been reviewed by the lender, to £225, in 2004 I was not entitled to any refund of charges.
Is this accurate or utter bolony? What should I do now?
I contacted them by telephone, enquiring about a refund as these charges are unreasonable (see Martin's table of lenders). They told me that because the fees had been reviewed by the lender, to £225, in 2004 I was not entitled to any refund of charges.
Is this accurate or utter bolony? What should I do now?
0
Comments
-
What was the quoted charge when you started the mortgage?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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards