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Changed Your Mortgage In The Last 5 Years?

By Al Milton
February 12, 2009 in Chit chat

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Al Milton

Posted February 12, 2009

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Posted February 12, 2009

Hi All,

Was sent this through by the Money Saving Expert.

Two years ago, the FSA gave mortgage lenders a rightful kicking, opening the door to reclaims of £50-£300, just by making a phone call. What they did wrong: If you remortgaged or repaid the mortgage in full, in the five years prior to Jan 2007, it's almost certain your OLD lender overcharged. The Mortgage Exit Administration Fee (MEAF) you paid could've been up to £300 more than it should've. How to reclaim: Call up and ask for the difference between what you paid & what was in your original contract. Not kept records? Don’t worry, ask it for them.

We were overcharged by around £190, so letter is in the post this morning!!

Link below, good luck!