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Mortgage Booking Fee Refund - Cooling Off Period?
inceyrose
Posts: 1 Newbie
Can someone please help me. I went to an independant mortgage broker in the Estate Agent to remortgage. I am due to move from the Chelsea Building Society to Natwest. I paid a £499 fee on 28th August, for the re-mortgage to start on 30th September.
However, due to a loan I have with the Navy (LSAP), I no longer want to change mortgage companies as I have just found out that the solicitors have to do a Deed of Postponement which will cost me extra. In fact, it is cheaper to keep my mortgage where it is. The Natwest banked my booking fee cheque straight away.
I have not signed all the forms yet, such as the one with a witness. I have not moved companies yet.
I cannot find a cooling off period on the Natwest website. My mortgage advisor has gone on holiday! A colleague from his office thinks that my £499 is non-refundable. Can this be correct?
However, due to a loan I have with the Navy (LSAP), I no longer want to change mortgage companies as I have just found out that the solicitors have to do a Deed of Postponement which will cost me extra. In fact, it is cheaper to keep my mortgage where it is. The Natwest banked my booking fee cheque straight away.
I have not signed all the forms yet, such as the one with a witness. I have not moved companies yet.
I cannot find a cooling off period on the Natwest website. My mortgage advisor has gone on holiday! A colleague from his office thinks that my £499 is non-refundable. Can this be correct?
0
Comments
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a lot of booking fees are non-refundable. So, it could be correct.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
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