Mortgage repayment fee - increased?

It's not a "fixed mortgage" in the sense that the T&Cs are frozen for

2 years, it's a deal in which only the interest rate is frozen for that time.

But no, they can't change the terms to your disadvantage without giving you prior written notice including the opportunity to pull out before they take effect. They may well have done so, by enclosing with your regular statement a glossy flyer full of fine print, which you promptly filed in the bin.

Hi

Thanks for the advice. After a bit of research it's getting to be a common issue with remortgaging...

Thanks again. Gary.

R> gaz wrote:

Well according to a program on the telly recently institutions have to pay >300 uk pds once a case is successfully filed with the ombudsman. If so, it is no wonder they pay out when people persist in their complaints.

Please help... I took out a 2 year fixed mortgage with Halifax, and it's coming to the end of it's term next month. I asked for a statement, and they've included a repayment administration charge of

175. Never had to pay one of these fees with my previous mortgage deals, so I questioned it. Halifax told me I agreed to it on the terms and conditions, and that I should check the t&c again.

When I did check them, it had a repayment fee of 100, not 175 what they're currently charging. As we we're tied into a fixed mortgage for two years, should Halifax have the right at changing the fees associated with the mortgage within the 2 year period?

Thanks in advance, Gary.

Almost certainly you will have been told that the fee (100) was the current fee, i.e. it could change. Virtually all lenders charge a fee of some sort, some a lot more than 175. However, although the wording may imply that the fee is subject to change, I think it ought to be spelled out.

Rob Graham

Check the small print again. It may say they have the right to change the fee any time they like or even they have the right to change anything any time they like.

However I would remind them that it says £100 and complain if they don't reduce it. IANAL.

Mark

Hi,

Thanks again for the help. Spoke to the Halifax complaints number and asked how they can justify the hike in charge. I've been reading that if they can't justify it, I can complain to the financial ombudsman.

I've got a feeling Halifax would rather reduce the payment to £100, rather than get charged £300 for a report to be filed with the financial ombudsman.

It's worked for other pe> >