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mortgage early repayment fee


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Hello,

 

Has anyone successfully claimed back mortgage early repayment fees.

 

I was aware of the conditions of the mortgage when I signed it. However the manner of penalty does not seem fair or right.

 

I am facing a £16,000 bill for coming out after 2.5 years of a 5 year fixed rate deal (more expensive than the variable mortgage)

 

I understand they have to recoup loss of interest, but as soon as I give them back their money, they lend it out again and make no loss?

 

I cannot port or continue the 2.5 years left as I have lost my job.

 

The amount seems like a penalty.

 

Any ideas.

 

thanks

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moved to the mortgage forum

you mean early redemption fee/charge [EPC]

I think you'll find its in their T&C's and not reclaimable

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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