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Reclaim mortgage arrangement fees
Sofe_2
Posts: 1 Newbie
Can anyone tell me if it is possible to reclaim mortgage arrangement fees. Although the paperwork says these are non refundable when our buyer pulled out at the last minute it means the bank didn't do much for their £1200 fee?
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Comments
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Have you spoken to your lender?0
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The buyer pulling out at the last minute means that the bank did everything except transfer the funds to the solicitor. A £1200 fee suggests fixed rate. If you find another property quickly the bank will probably port the deal over to the new property providing you meet the criteria.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
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