Claiming Back Mortgage Charges. Why not?

Blossomandebony · February 13, 2011

Hi Anna,

So your first stage is to add up the charges, then estimate the interest they charged on these unfair charges. By the way, I would not try to claim the solicitor's fees back - just fees like DD rejection, standard monthly arrears fees. Have a read round the site and you will find out what you can and can't claim back.

Then send them a letter asking for the return of these charges, together with full schedule of charges and interest. See what they say. It's 99% sure that they will refute your claim so then you have 2 options:

The Complain to the FoS route or County court claim.

Choice is yours.

BAE :-)

wishboneash · February 15, 2011

good luck will do the same went through a claims company rubbish in my respect my charges came to 3500 gmac rfc

the fsa said they where ok but didn't like the way they were added to mortgage ? ? i had no bank account but managed to pay via a pass book building society check paul

BankFodder · February 25, 2011

There should now be no problem reccovering any mortage arrears fess paid to any lender. They are all charged at an excessive rate.

http://www.consumeractiongroup.co.uk/forum/content.php?700-Hot-news-for-anyone-who-has-suffered-mortgage-arrears-charges-irresponsible-lending-or-other-unfair-lender-conduct

wishboneash · March 31, 2011

Good luck, I have just sent off a letter asking for all my charges back. More or less the same amounts as yourself. I shall be following your progess closely.

he FSA has announced large fines against DB UK Bank Limited (trading as DB Mortgages) - DeutscheBank and also against Redstone for their unfair treatment of their customers.

Please see the links below for summaries and full details from the FSA website.

It is now completely clear that any arrears charges which exceed actual administrative costs are unfair and therefore unlawful.

Furthemore, irresponsible lending practices are also unfair and unlawful.

Additionally there are other unfair practices including unarranged counsellor visits - even if they have been attempted.

You are entitled to refuse counsellor visits and not incur any charges.

Any charges for counsellor visits must not seek to make profits. The cost of the visits must be passed on to you at cost price.

We are hearing stories of people being charged for counsellor visits for which there is no evidence that they were even attempted.

It is clear that some mortgage lenders are trying to cheat you out of your money.

You should ascertain how much has been taken from you and claim it back. The chances of winning are better than 90%. It is highly likely that the lender will attempt to avoid court action and offer you back your money.

However, you should ensure that you receive a proper rate of interest and this means that you should be seeking at least restitutionary damages - which would be much higher than the statutory 8%.

Furthermore, you should assess whether the paying of demands for unlawful excessive charges has also out you further into arrears and if this has caused you further penalties in terms of extra interest or any other prejudice. This should be claimed as well.

If excessive unlawful charges have resulted in your credit file being affected, then you should take this into account also when working out exactly what you want by way of remedy from the lender.

wishboneash · March 31, 2011