My father is coming to the end of his mortgage and is concerned. Hes had a few letters in the past few months asking him if he wants to end his mortgage early, and they've all mentioned a deeds fee of £50 - fair enough.
Anyway, hes declined and let the mortgage run its course. Now they tell him (the Halifax) that theres an additional fee of £150 to cover the admin costs of closing the account.
This is probably in the t+Cs but is this normal? Seems a bit unfair. £50 for the deeds but £150 admin fees seems a bit steep. After all, they've had a good customer for 15 years who's never missed a payment etc and they want to scalp him for a last chunk before it all ends....