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Mortgage early exit fees


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I would appreciate a little advice.

 

3 years ago I moved house and the mortgage company I was with would not offer me a new mortgage on my new home. As I was in a fixed rate mortgage with a tie in I was forced to pay about £23k in exit fees. Do you think there is a chance of reclaiming this? Has anyone had a go?

 

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Hi and welcome to the mortgage forum

 

Before you do anything please read http://www.consumeractiongroup.co.uk/forum/mortgage-companies/62003-important-mortgage-claimants-please.html

 

It wil of course be your choice as to whether you reclaim the ERC, however there has been more losses than wins unfortunately. It may be advisable for you to hang fire a few months to see what happens with the petition to Gvnmt and if a few more cases are won.

Sign the petition here http://www.consumeractiongroup.co.uk/forum/mortgage-companies/74382-sign-petition.html

I have my own case going at the moment, however this is for charges and not ERC. If you have charges maybe try reclaiming them for now. Remember it took 3 years to realise you could claim the ERC back another few months wont do any harm ;)

 

Good luck

 

Mrsfoot

 

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