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Mortgage Higher Advance Fee

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Hello, Can anybody help? Is a charge referred to in my mortgage statement as "Higher Advance Fee" the same than a PPI? Can as with PPI claim a compensation?
Thanks
Clara

Comments

  • betmunch
    betmunch Posts: 3,126 Forumite
    Sounds like a higher lending charge, its not optional. You can't have that product without it.

    It's nothing like PPI and can't be claimed back
    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.
  • Nearlyold
    Nearlyold Posts: 2,380 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Hello, Can anybody help? Is a charge referred to in my mortgage statement as "Higher Advance Fee" the same than a PPI? Can as with PPI claim a compensation?
    Thanks
    Clara

    See this thread started yesterday for a fuller explanation.
    https://forums.moneysavingexpert.com/discussion/5411397
  • Dandytf
    Dandytf Posts: 5,073 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Reminds me of my higher lending fee with HBOS 2003 21k 100% mtg��
    Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb
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