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Fee to change House/Contents Insurance
mike_lee77
Posts: 6 Forumite
Dear All,
I am switching my house/contents insurance to More Than (Royal & Sun Alliance) and happily getting a much more comprehensive, and cheaper, deal. However my mortgage company, Market Harborough, will charge an administration fee of 30 pounds to make the switch go ahead. This is mentioned in my mortgage offer with them, although the exact fee is not mentioned.
Please can anyone tell me if the charge is legal i.e. is there anything I can do about it?
Many Thanks
Mike
I am switching my house/contents insurance to More Than (Royal & Sun Alliance) and happily getting a much more comprehensive, and cheaper, deal. However my mortgage company, Market Harborough, will charge an administration fee of 30 pounds to make the switch go ahead. This is mentioned in my mortgage offer with them, although the exact fee is not mentioned.
Please can anyone tell me if the charge is legal i.e. is there anything I can do about it?
Many Thanks
Mike
0
Comments
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Please can anyone tell me if the charge is legal
yes.is there anything I can do about it?
no.This is mentioned in my mortgage offer with them,
Disclosure is important and they meet that requirementI 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 -
is there anything I can do about it?
You could try asking RSA whether they will cover it for you?
Sometimes companies have advertised this is the past and they might do so to get your business.
Everything in life is negotiable.
If they won't then you've only wasted a few minutes.0
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