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Extortionate Final repayment fee!!

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Comments

  • amnblog
    amnblog Posts: 12,734 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I thought you did not move.
    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.
  • Jhoney_2
    Jhoney_2 Posts: 1,198 Forumite
    amnblog wrote: »
    I thought you did not move.

    Tada! Hold on though, there may be more to come. :)
  • Donut41
    Donut41 Posts: 7 Forumite
    We didn't move??? Just remortgaged! and stayed with Barclays on a new tracker deal.
  • dunstonh
    dunstonh Posts: 119,821 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Donut41 wrote: »
    We didn't move??? Just remortgaged! and stayed with Barclays on a new tracker deal.

    So, why was a conveyancer used?

    This is a really strange case as you didnt move house or lender but you have been charged a fee that would only apply if you did and you used a conveyancer which would only be used if you moved house/lender

    When you say remortgaged what do you mean by that? previously, you indicated it was just a new deal. Now you are saying it is a remortgage.
    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.
  • Donut41
    Donut41 Posts: 7 Forumite
    edited 11 March 2015 at 9:22PM
    It was a remortgage on our current property to get a better interst rate deal! We didn't use a convayancer it was Barclays/Woolwich and I don't know why they did? Assume it is normal on a remortgage!? Anyway we have found a special condition on the new mortgage saying the final repayment charge isn't applicable as we have switched from one mortgage to another with Barclays. Now we just need to get the £275 back as they have taken it out of the the mortgage payment refund
  • Jhoney_2
    Jhoney_2 Posts: 1,198 Forumite
    Ok, so it was a retention deal and the bank took the payment in error. They are aware of this and will be giving you a full refund.

    All is well.
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