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Northern Rock


Murada
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Hello All - Great Site (been away for a while). Looking back to 2004, I changed from one Northern Rock mortgage product to another. I appreciate that you cannot claim back any ERC, but I noticed (amongst another things) a £255 'admin' charge. I am shortly going to be moving house and I am moving from NR to Abbey. I note in a letter from my solicitor that NR are again levying a number of charges (including a charge to terminate the arrangement) - can anybody advise me (ERC aside) what they can and cannot charge for and what I could look to reclaim?

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Northern rock charge a 'mortgage discharge' fee when you redeem your mortgage. If the amount you paid is higher than you were quoted when you took out your mortgage you are entitled to claim the difference.

 

To check what northern rock were charging see Action on rip-off mortgage exit fees | This is Money

 

There is a template letter to claim back the difference if you are owed any.

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