Halifax sealng fee £50.00

taffytiger

I have been told that I have to pay £50.00 sealing fee when my mortgage finishes. Does anybody know what this is? I can see nothing on any paperwork in relation to this so am not sure why I have to pay this?

Thanks for any help.

davidmcn

Who's told you that it's a "sealing fee"? The Halifax call it a Repayment Administration fee:

https://www.halifax.co.uk/mortgages/charges/

Whether you're liable for it seems to depend on when you took out the mortgage.

Thrugelmir

taffytiger wrote: »

I can see nothing on any paperwork in relation to this so am not sure why I have to pay this?

Would have been published in the terms and conditions that you received ever year with your annual mortgage statement.

It's to cover the administrative cost of removing the legal charge from your property at the Land Registry. Halifax has to employ suitably qualified staff (and run an office) to ensure that this is done correctly.

ACG

If it is not on your Mortgage offer then you would not be liable for it as far as I am aware. But now a days most lenders charge between £50-150 for a sealing fee/deeds release fee.

taffytiger

I was speaking to an advisor on the phone, first of all I was told there was just the outstanding balance and that the deeds could be kept in house. Then after checking with a colleague this was when the ‘sealing fee’ was mentioned, not administrative costs and that the deeds cannot be kept in house anymore as this service is no longer available.

I just wanted an update but I think I will just pop into the l branch.

silvercar

Deeds don't need to be kept anywhere, provided the property is registered with Land Registry.