Mortgage Complaints
Reclaim your Mortgage Administration Fees
Reclaim your Mortgage Administration Fees
If you have been charged an administration fee by your mortgage
provider for ending your mortgage then a cheque could be coming
your way.
Mortgage Exit
Administration Fees (MEAFs) also known as:
- Deed Release Fees
- Sealing Fees
- Final Administration Fees
- Discharge Fees
- Final Redemption Fees
These are the fees you paid to end your mortgage contract. This
may happen when you switch at the end of a fixed interest rate
period or when the mortgage is paid off.
These mortgage fees are supposed to deal with legitimate
expenses your mortgage company incurred such as releasing the deeds
etc, however, it is unfortunately the case that these fees have
become yet another money making business for lenders at your
expense.
AVERAGE CLAIM £250
Our fee is 25% + VAT of whatever we win for you with a minimum
fee of £65 + VAT.
It won't go to Court and will take about 2 minutes
of your time.
Lenders should either charge no fee, or the original fee in the
contract if that can be justified. Even agreed fees should only
deal with actual expenses incurred such as deed release fees, land
registry charges, staff processing costs and a reasonable
proportion of general overheads.
Claims Financial