Showing results for tags 'excessive fees'.
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My Partners house has been re-possessed by Arrow Global because her ex husband defaulted on a loan. The house was Mortgage FREE! AG have sold the property (5 bed detached house) for £130,000 Fortunately she issued a Severance of Tenancy via her Solicitor. The Court ordered the proceeds of the sale should be split 50/50 after the sale costs have been deducted and the amount owed by the ex retained from his half of the Money. Today she received a cheque from AG for £56,000 and although she has requested a full breakdown of all costs and payments only the cheque was delivered. We have again requested a full breakdown and await its arrival A simple calculation indicates that at least £18.000 (possibly more) has been deducted for administration costs!! Is this excessive? Without a full break down of costs from AG we are unable to ascertain exactly how much has been charged or if the monies have been split as the Court ordered. What would be considered a reasonable amount of costs on the sale of a property for 130k? If the Actual costs and fees appear to be excessive what course of action should we take?
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Reclaim the right Ltd
reg.05783665
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262 Uxbridge Road, Hatch End
England
HA5 4HS