Mortgage Exit Fees

Newest Review: ... (MEAF) in an attempt to dissuade you from leaving them or to punish you if you did. These fees were sometimes considerably more than in your original mortgage contract. Fortunately for us poor borrowers, the Financial Standards Agency got wise to the lenders tricks and came down on them like a tonne of bricks in Jan 2007 and ordered them to justify their increased charges. Martin Lewis of the website Moneysavingexpert.com has spent a lot of time and effort this year publicising just how easy it is to claim back unreasonable fees and encouraging people to do just that. He provides templates for letters you can send, indications of what y... more

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Mortgage Exit Fees: My ten minute call got me a £275 pay out (1074 words)
by - written on 05/12/07 (Very useful, 163 readings)
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Once upon a time in the land of mortgages clients and lenders built long term relationships. There wasn't much difference between most of the lenders and people tended to get their mortgage with the building society they'd saved with as kids or the bank they got their salary paid into. And once the two were 'wedded' together, they tended to stay together - in sickness and in health and through good and bad times. Separating the two parties was like trying to split the atom - people were faithful and loyal and often got ripped off royally for their pains. Then things got more exciting. You couldn't organise your mortgage through real people in real branches - ... Read the complete review

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