Overcharged Broker's fee on Mortgage?

marypopp_ins

Hi,

I wonder if anyone can help me. In 2006 I took out a mortgage with my wife and we were charged a £3000 broker fee on a £48,000 mortgage. This works out at about 6% of the loan not 1%. Is this correct? Have I been overcharged? If I have, is there anything I can do about this?

Any help you can give would be much appreciated

Edit: I've just noticed we've been charged two broker's completion fees. The first for £3000 and the second for £595. Is this right?

[Deleted User]

Was there a packager involved?

Which lender were you with?

Quite common to have a few broker fees when dealing with packagers and complex lenders

kingstreet

We have no way of knowing.

What did you agree to pay and to whom? What significance does the 1% have?

ACG

What is the relevance of the 1%?
What was agreed?

You have only been overcharged if they charged more than was agreed.

If you were happy to pay £3k at the time and it was all agreed, then there is not a lot you can do. 13 years down the line, you can not change your mind on something.

ACG

kingstreet wrote: »

We have no way of knowing.

What did you agree to pay and to whom? What significance does the 1% have?

Great minds...