Admin fee for changing rate with same lender?

seedwarf

Hi, I'm new to the site and forum. Came on to check about MEAFs. Please to say I've got some money coming back to me.

My current mortgage is with Barclays (previously woolich). In July 2006 my 2 year fixed rate ended. Woolich offerred a good new fix rate so stayed with them. But I was charge £199 admin fee for changing the rate on the policy. When I originally took out the mortgage in 2004 the fee was quote as £100. So it doubled in 2 years.

Considering the MEAF situation does anyone know if you can claim a refund on such an admin fee?

Has anyone tried to challenge this?

Regards
seedwarf

dunstonh

Considering the MEAF situation does anyone know if you can claim a refund on such an admin fee?

The two things are not at all similar.

But I was charge £199 admin fee for changing the rate on the policy. When I originally took out the mortgage in 2004 the fee was quote as £100. So it doubled in 2 years.

I used to fill my car with £10 a petrol. Now it costs £65. Can I claim back all the extra I have paid?

Has anyone tried to challenge this?

Go into Currys and tell them that they should give you a free TV because you have a TV already and see how you get on.

BigZed_2

Not entirly sure if you are *trying* to being funny, dunstonh, or you are just plain rude. Do you treat your cutomer like that?

Check out Forum Etiquette...

dunstonh

BigZed wrote: »

Not entirly sure if you are *trying* to being funny, dunstonh, or you are just plain rude. Do you treat your cutomer like that?

Check out Forum Etiquette...

I was being plain rude.

I don't have customers. I have clients.

Whilst you are banging on about forum etiquette, it is etiquette to read the posts on the forum before making new threads on the same subject as threads which already exist. This is about the 3rd one this week and God knows how many in the last month.

If you contributed to the forum as much then you would also get fed up with people asking if they can buy retail products without paying for them.

dmg24

I see nothing wrong in dunstonh's post.

The OP's post is one on a multitude of almost identical posts on here at the moment, because people have not done a search before posting.

dunstonh provides valid examples of different situations that go along the same principle, in order to aid peoples understanding.

I think he deserves a medal for still replying to these posts! x

absolutebounder

dmg24 wrote: »

I see nothing wrong in dunstonh's post.

The OP's post is one on a multitude of almost identical posts on here at the moment, because people have not done a search before posting.

dunstonh provides valid examples of different situations that go along the same principle, in order to aid peoples understanding.

I think he deserves a medal for still replying to these posts! x

I agree Dunston gives up a lot of his time and is a well respected poster. i can see why people here are so poor. It is because they have a poor mentality always trying to screw the last pound out of every situation. that way they imagine they are poor or hard done by and guess what? in any conflict of the mind between the will and the imagination, the imagination always wins.
The OP should stop being such a tight @rse and stop worrying over peanuts. he lucky it wasnt northern rock he was dealing with.

smallbutsassy

Finally got round to ringing Halifax re. exit fees. A cheque for £35 is on it's way to me from a mortgage taken out between 1996 and 1997!!!

Well worth a phone call!

seedwarf

I posted what I thought was a reasonable query on a reasonable forum.

All I seem to have received is abuse. Is this one of those forums where newbies aren't welcome? Do you have be in dunstonh clique to be taken seriously?

I don't see any difference between the MEAF and a rate change administration fee. All they are doing is changing a few numbers on an account. Why would that double in 2 years? I bet they haven't doubled the wages of the person keying in the figures!

And I did do a search for rate change admin fees before posting. I couldn't find any posts. I'b be happy if someone could point me in the right direction.

If you are willing to post a genuine response please do, otherwise go and annoy someone else.

dunstonh

I don't see any difference between the MEAF and a rate change administration fee.

Sticking with the TV theme. One is for dumping the television. The other is for buying the television. Do you think that buying the product such be free of charge?

All they are doing is changing a few numbers on an account.

No they are not. They are having to go to the money markets to buy that rate themselves. That incurs costs and a possibility that they may lose money. You are not buying the mortgage. You have that already. You are buying the rate.

emmalt

My mum always used to say to me if you haven't got anything nice to say don't say anything at all.

Noz

Probably wouldn't be a bad idea getting a Mortgages FAQs thread done but I would suspect that we would still be getting duplicate threads