Reclaiming home owner loan administration fees

Kelvin_W

Hi, does anyone know how to or have any experience in claiming back home owner loan administration fees?

I am first time buyer with a hefty home owner loan. Halifax charged me a whooping £299.00 administration fee which I could not pay for at the beginning of the loan and hence it has been added to the full loan term of 25 years. I am not happy because I have to pay interest on the fee for the next 25 years! Can anyone help???!!!

Thanks,

Kelvin.

Poppycat

Try the mortgage forum

Browntoa

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brazilianwax

I don't see what you'd be able to claim back It was a fee for a service which was provided. As you couldn't pay it in the beginning, what choice was there but to add it to the mortgage? :rolleyes:

If you now have the money to pay the fee upfront, can't you just make an overpayment of £300+ and then you aren't paying interest on it.

If you haven't got the money I can't see what you can do. You wanted the loan and you got it.

(and if your loan is 'hefty' I can't see that reducing it by £300 would make such a massive difference in the short term)