Reclaiming bank mortgage exit fees

edited 30 November -1 at 1:00AM in Reclaiming Mortgage Fees, Council Tax, etc
3 replies 1.3K views
pepperpoppepperpop Forumite
37 Posts
I have had a number of mortgages over the years and was wanting advice on reclaiming mortgage exit fees;

The first one I looked at is my previous mortgage because I had the account number for that, I queried with The Woolwich and they said that they couldn't tell me what is was without me phoning but said there chart recommended a fee of £80 for when I had my mortgage. I eventually got hold of them on the phone and they said I was charged £275. and that was the figure that was on my mortgage application that I signed. Anyway as I understand these charges are way to high. Am I in a position to reclaim some of this fee?

Thanks for any advice:)

Replies

  • John-K_3John-K_3
    681 Posts
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    What are your grounds for saying that you should have them back? They were exactly what you agreed when you entered the deal, so why, after the event, are you now saying that they were too high?

    For comparison my exit fees today would be £10,000.
  • jonesMUFCforeverjonesMUFCforever Forumite
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    Part of the Furniture 10,000 Posts Name Dropper
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    pepperpop wrote: »
    I have had a number of mortgages over the years and was wanting advice on reclaiming mortgage exit fees;

    The first one I looked at is my previous mortgage because I had the account number for that, I queried with The Woolwich and they said that they couldn't tell me what is was without me phoning but said there chart recommended a fee of £80 for when I had my mortgage. I eventually got hold of them on the phone and they said I was charged £275. and that was the figure that was on my mortgage application that I signed. Anyway as I understand these charges are way to high. Am I in a position to reclaim some of this fee?

    Thanks for any advice:)

    You are not in any position whatsoever to get the fees back - sorry.
  • dunstonhdunstonh Forumite
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    Anyway as I understand these charges are way to high.

    There has never been any ruling on the size of the fee. The whole thing is based on whether it changed between exit and when you signed your last contract. (last contract being key as if you bought a new deal but stayed with the same lender, the contract for the new deal took over).
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