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mortgage arrangement fee santander
rogerdavid
Posts: 1 Newbie
I have had a mortgage with satander for 7 years, all of a sudden I get a bill for £250 which they say I agreed with when I took the mortgage out. Obviously I cannot remember this and find it hard to believe they can demand this money after 7 years. They're excuse is they have only just got the systems in place to collect the debt!
Can they take this money?
Can they take this money?
0
Comments
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I will assume you are talking about the mortgage account fee and you have just redeemed your mortgage with Abbey/Santander? The fee should of been noted in the original KFI and is payable on final payment of the mortgage. Currently the MAF with Abbey is £225.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
If the charge was never taken in error then you dont suddenly get a right to not pay that charge.
Can you imagine it the other way around if they had taken £250 too much and said they were not giving the difference back because it was 7 years ago? It works both ways.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 -
https://forums.moneysavingexpert.com/discussion/5093126
https://forums.moneysavingexpert.com/discussion/5091561I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I've had a similar letter. I've had a Santander mortgage for about 8 years and I have now been asked to pay the arrangement fee of £225. According to the letter its taken this long for them to get their systems in place??
I am wondering if they can enforce this as I cant remember if I have paid it or not and there's no way of me finding our after this length of time.0
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