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eh! is this right?
wintermare
Posts: 47 Forumite
can anyone clarify if i can reclaim anything on my previous morgage it does seem rather steep for leaving i left i july it is with morgages plc i had a 2 year fixed rate but i was tied in for three years(didnt know about that) :
"balance brought forward at 1st jan 2007 £65053.54
advances made £0
interest to 31st july 2007 £3000.71
closing admin charge(payable only once £134
on final repayment)
early repayment charge £1937.49
solicitors fees £1000*
OTHER DEBITS £844
insurance debits £0
TOTAL DEBITS £71970.74
less repayments £3778.47
total £68192.27
*this amount was refunded 4 weeks after completion it was to cover any potential legal fes incurred between statement and closure of account
Are "do other Debits really exist"
"balance brought forward at 1st jan 2007 £65053.54
advances made £0
interest to 31st july 2007 £3000.71
closing admin charge(payable only once £134
on final repayment)
early repayment charge £1937.49
solicitors fees £1000*
OTHER DEBITS £844
insurance debits £0
TOTAL DEBITS £71970.74
less repayments £3778.47
total £68192.27
*this amount was refunded 4 weeks after completion it was to cover any potential legal fes incurred between statement and closure of account
Are "do other Debits really exist"
0
Comments
-
Cannot see any unfair or questionable charges in there.
The closing admin charge at £134 is below the typical average. Early repayment charges are your choice to pay. Solicitors are not within the control of the lender.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 -
but what about "other debits"
i really dont want to fund their lunches or xmass parties this could be anything0 -
I would be querying what those 'Other Debits' are - ask for a breakdown of this figure."You were only supposed to blow the bl**dy doors off!!"0
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Ask them to break it down!
0
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