Reclaim Mortgage Exit Fees

Discussion in 'Finance, Property, Law' started by mickmick, Apr 8, 2007.

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  1. If you have paid off your mortgage you will probably have paid your mortgage lender an exit or administration charge for the benefit of closing your account. :? :? :?

    [align=center]You can claim this back.[/align]

    On my mortgage statement I noticed a charge for a "closing administration charge", on checking my Mortgage Loan Agreement I could find no reference to this administration charge.

    On checking my mortgage statements I found that this charge had been steadily increasing year on year.

    I wrote to my mortgage lender querying this charge and asking them to justify it.

    I have now received a letter from my mortgage lender reducing the amount from £225 to £90. :D :D


    mick
     
  2. Unfortunately, it clearly states it on my mortgage as being £225 to increase in line with inflation....
     
  3. I changed my mortgage lender in 2000/2001 at the time the exit fee was £50 they increased it to £225, "in line with inflation", I wrote and complained, they reduced the charge to £90, I am now writing to have this amount reduced further.

    Follow this link to find out more information, it gives a chart as to what you should pay.

    hope this helps.

    http://www.moneysavingexpert.com/mortgages