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booking fee refund

Hi

My term for a mortgage product was coming to a end, and I changed the product with the same lender and paid a booking fee of £250.00 a couple of weeks back, and the new product (rate) kicks in February 2015. I am still on the old product at the moment.

I just found out the lender has now dropped the booking fee for this product and made it fee free.

Am I entitled to get this booking fee refunded or can I cancel my product change, and then reapply fee free?

Comments

  • amnblog
    amnblog Posts: 12,761 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Ask the Lender
    I 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.
  • lee111s
    lee111s Posts: 2,987 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    You'll have to ask but most have a non refundable booking fee.
  • pinkteapot
    pinkteapot Posts: 8,044 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Usually non-refundable but you might as well ask.

    A few years ago, the booking fee on a product we applied for then dropped from £999 to £99. :mad:
  • vw100
    vw100 Posts: 306 Forumite
    Sixth Anniversary 100 Posts
    Just to update everyone, they said no - booking fees are non refundable.
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