Reclaim Unfair Mortgage Exit Fees
If you have been charged an administration fee by your mortgage provider for ending your mortgage in the last 6 years 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, re-mortgage or when the mortgage is paid off, sell your house.
These 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.
The average claim is £250, it won't go to Court and it will only take a few 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.
Our specialists are experts in consumer justice and know how to win your claim.
Our Specialist Is In Your Corner
All claims are taken on by our specialist as a no-win-no-fee basis. The fee is 25% plus VAT of the damages recovered, which is a total fee of 29.37%. If successful a minimum fee of £65 + VAT applies for each case.
All you need to do is complete the online application, which takes only a few minutes.