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PLEASE HELP - with redemption fee


ellielou
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Hi

 

I didn't want to hijack anyone elses thread so thought I'd start a new one.

 

After splitting with my ex I was forced to take out a 'last resort' mortgage with Kensington Mortgages to allow me to pay debts off, buy ex out of property & allow me & my daughter to remain in the same house. I was paying an interest only loan at 8.65%, yes 8.65%.

 

However, a year down the line I've sorted myself out financilly and had a pay rise so I have now changed to a much better mortgage with GMAC (know their not great either but it's better than the other one). Anyway to get out of the Kensington mortgage I had to pay £5,600, I knew this before I started the re-mortgage & it was still cheaper to move!

 

My question is was this £5,600 unlawful? It would be fantastic if I could recoup some of this money as I'm a single mum & every penny really does help.

 

Any help or advice would be REALLY REALLY apreciated - I'm happy to supply more info if need be.

 

Many thanks for reading.

Halifax 1

WON - £1,355.49 21/07/06

MINT

WON - £273.81 14/09/06

First Direct

WON - £913.50 01/09/06

Capital One

WON - £130.13 03/11/06

Halifax 2

WON - £188.03 01/12/06

 

Kensington Mortgages ERC

MCOL for £6,204.39 Discontinued

Halifax Mortgage Admin fee

WON - £10.00

Direct Line Mortgage Redemption Fee

WON - £99.00

Halifax 3

MCOL for £109.01 reg 07/03/07

 

http://petitions.pm.gov.uk/redemptionfees/

Please sign this petition x

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If you have a read around, nobody knows because apart from a couple of people (one of whom said they got them back a few years ago but has not posted since) nobody has been successful. There are a few people looking into it but as yet it is untested.

Please note that I am not a legal expert and all advice given is without prejudice and is purely my opinion only.

 

** Nationwide - £1821.15-PAID IN FULL - Aug 06 **

** Halifax Mortgage -£390 - PAID IN FULL - Nov 06 **

Lloyds TSB - MCOL issued 09/03/07 - £2953 + costs - ON HOLD....

 

 

 

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