Claimng back EPC

beavis182

We have just moved house within the mortgage EPC period (only 2 months until it expired). The new mortgage is a better % rate than the old one but is with the same bank (Halifax). We still had to pay £5500 to exit the mortgage early and take out a new one. Our solicitor seems to think because we sold our house and purchased the new one at the same time we should be able to claim the EPC back from Halifax. Working it out we were better off paying the EPC and starting a new mortgage at the lower rate than just porting it but if there is anyway we can claim the £5500 back that would be a bonus.

Does any one have any advise other then just writing to Halifax and seeing what they say?

ACG

As you switched to a new product, I doubt it. It would probably have been better to keep the existing product for 2 months and then switch? However, some lenders do allow you to switch products up to 3 months early and they will waive the early charges - I am not sure if Halifax do this or not.

beavis182

Will I have to pay any early repayment charges?
We offer different types of mortgage products with different interest rates. With some of these there may be a charge if you repay all or part of your mortgage within a certain period of time. We refer to these as early repayment charges. Details of any early repayment charges that apply to you, and when they may be charged, are set out in your mortgage offer document or you can call us.
If early repayment charges apply, the charge will be based on the amount you owe when you make the overpayment to your mortgage. If you only repay part of your mortgage we'll charge you a proportion of the early repayment charge due.
If your current Halifax mortgage deal is ending and you're looking to switch to a new deal,!early repayment charges are waived if there is 3 months or less to run on your existing deal. Also, if you're moving home and you take your existing Halifax mortgage deal with you, you won't have to pay any early repayment charges.

beavis182

Just checked their website and seems like they have a 3 month waiver so should be ok to claim it back??

[Deleted User]

beavis182 wrote: »

Just checked their website and seems like they have a 3 month waiver so should be ok to claim it back??

Doesn't look like it. The waiver appears to apply to 1) switching to a new product or 2) moving house and keeping the same product.

You moved house AND switched to a new product.

dimbo61

EPC ( Energy Performance Certificate )
ERC ( Early Repayment Charge )
You paid an Early Repayment Charge to Halifax.
Did No one point this out to you ?
Did you not notice and speak to Halifax yourself ?
Time to make the phone call to Halifax

ACG

I would give it a bash. As the old saying goes, if you do not ask, you do not get.