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Not sure if many people have tried claiming back exit fees yet since the FSA announcement but if you have ever had a Halifaxmortgage call
08457 273747 the press option 3 then 2 which is the option dedicated to exit fees (obviously expecting a high demand) . They tell you what the fee was when you took out the mortgage and what it was when you redeemed they then refund you the difference via a cheque within 28 days.
I know its a drop in the ocean compared to erc's but better in our pockets than theirs. I have just claimed mine from 2000
Just got mine back today - only rang on Monday. £60 better off
Please note that I am not a legal expert and all advice given is without prejudice and is purely my opinion only.
** Nationwide - £1821.15-PAID IN FULL - Aug 06 ** ** Halifax Mortgage -£390 - PAID IN FULL - Nov 06 ** Lloyds TSB - MCOL issued 09/03/07 - £2953 + costs - ON HOLD....
most mortgage companies will refund the difference between the exit fee quoted at the time of application and the fee you actually paid when you redeemed your mortgage.
The mortgage exit fee is often referred to as an admin fee or vacating fee. It is generally around 100-300 pounds. Most mortgages will have these irrespective of whether you end within a tie in period.
The problem with these is that in the mortgage offer they are specified to be a certain amount and then the mortgage companies have greatly increased the admin fee without warning or stating they are subject to variation. Consequently you can claim the difference between what was stated and what it has changed to.
A few have been successful in getting the full amount returned.
Thanks Westwell,i,ve just printed out a letter to Natwest requesting £225 as i was never told i would have to pay this. Sending it later on today,will see what happens.
Also this is what i put in my letter ,do you think its okay?
I am writing to request a rebate of the mortgage exit fee that I paid on 02/01/2007.
When I took out my mortgage with the bank it was not stated that I would have to pay a mortgage exit fee if I switched provider once the initial offer had come to an end, however I was charged £225.00
Following guidance from the Financial Services Authority, I request that you refund to me the above fee.
If you are not willing to accept my request, I will be reporting the matter to the Financial Ombudsman Service.
It sounds fine, they will probably just offer you the difference from what they originally quoted although some lenders have been refunding the whole amount. The exit fee is normally noted in the terms and conditions and not on the actual offer. keep us posted
Mortgage Exit Fees Halifax
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Originally Posted by dolly
