We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

mortgage arrangement fees

I recently switched to a five year fixed rate mortgage. My building society charged me £349 arrangement fee and £100 administtration fee.Is this fair, and if not can I reclaim any of this money?
«134

Comments

  • mpsavuk
    mpsavuk Posts: 296 Forumite
    Did you not query these fees at the time?

    If so why did you pay up if you thought they were unfair?
  • KTF
    KTF Posts: 4,855 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Lol, another one of these threads! Please use the search function.

    To answer your question, have a look here: http://forums.moneysavingexpert.com/showthread.html?t=758765

    In short, yes they are fair and no you cant claim them back.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Is it that time of the week again?
  • dunstonh
    dunstonh Posts: 120,336 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    note to self.

    Do not be snappy to people who ask silly questions about claiming money back on valid retail costs. Do not ask them if they try to claim their weekly shopping bill back. Do not give them an example relating the charge to other things, such as asking asking Currys for a replacement TV every two years and not paying for it because they paid first time round. Do not point out that this is an FAQ that they could have checked using the search function. Do not pass go, do not collect £200.
    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.
  • KTF
    KTF Posts: 4,855 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You mean I cant have something for nothing. This is an outrage! ;)
  • Edna_Bucket_2
    Edna_Bucket_2 Posts: 2,629 Forumite
    1,000 Posts Combo Breaker
    dunstonh wrote: »
    note to self.

    Do not be snappy to people who ask silly questions about claiming money back on valid retail costs. Do not ask them if they try to claim their weekly shopping bill back. Do not give them an example relating the charge to other things, such as asking asking Currys for a replacement TV every two years and not paying for it because they paid first time round. Do not point out that this is an FAQ that they could have checked using the search function. Do not pass go, do not collect £200.

    If you'd added "do not post in future" we might have even thought you'd learnt something today. ;)
  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    Me smells a wind up merchant
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Edna_Bucket_2
    Edna_Bucket_2 Posts: 2,629 Forumite
    1,000 Posts Combo Breaker
    Al_Mac wrote: »
    Take your own advice ;)

    And miss watching your little gang gather round the newbies like Canadian seal clubbers around a pup?

    I'm just surprised you've got away with it for so long - you must be very proud of yourselves. ;)
  • Edna_Bucket_2
    Edna_Bucket_2 Posts: 2,629 Forumite
    1,000 Posts Combo Breaker
    homer_j wrote: »
    Me smells a wind up merchant

    There's certainly a smell, and a rather nasty one at that...but it smells like pure cold bullying to me.
  • dmg24
    dmg24 Posts: 33,920 Forumite
    10,000 Posts
    There's certainly a smell, and a rather nasty one at that...but it smells like pure cold bullying to me.

    I'm thinking of the words pot, kettle and black ...
    Gone ... or have I?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.