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Early mortgage redemption,fair charge?


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Do I have a case?

 

Oct.2002 bought a property at 140K,put 40K down.

 

Mortgage was interest only veriable rate buy to let.Tied in for 3 years.

 

Sept.2003 paid it off and was charged 2400 pounds in fees.

 

Seems a bit excessive.If I can claim back do I have to make a court appearance as I live abroad?

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Hi Moo

I think you neeed to read this forum http://www.consumeractiongroup.co.uk/forum/mortgage-companies/

 

And ask a Moderator to move your thread to there, as this forum is for penalty charge reclaims.

 

AL:)

-------------------------

CAPITAL ONE * SETTLED*31st Oct 06

HBOS *SETTLED* 8th Oct 06

WOOLWICH *SETTLED*12thJan2007

Monument (Barclays) *SETTLED*10thMar2007

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  • 2 weeks later...

Hi, I seem to be in a similar sitaution to you- early redepmtion charge- ridiculous amount considering I only had a few weeks untilthe end of the term.

 

I'm new to this site- so if you get any helpful info- I would be grateful if you could forward to onto me.

 

Thanks, and good luck, jenoirs

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