Britannia introducing a new fee over half way through mortgage

[help_me_please]

I have had a Britannia Mortgage since 2002.  Today I got a very jolly letter that flippantly mentions them adding a 'Title Management Fee' of  £50.  Seems that this is to cover admin costs of holding my deeds during the mortgage.

 

Can they just add this summarily?  Surely those costs have not changed significantly & should have been foreseen by them when the mortgage was sold?

 

I must wonder what they may add next?  Will the up this fee to £250 next?

 

I would have expected some right to object within 30 days, but they seem happy that they are still good value & I should be grateful they don't charge other fees that other lenders do!

[dx100uk]

land registry do that for you not the brits..

 

have you ever sent them an sar as I expect there are all manner of unlawful fixed sum penalty fees they've charged over the history of the mortgage.

 

I bet they've charged you insurances too bar the only one you must have in place which is buildings ins..which if you already had it ..they cant..

[ericsbrother]

this was found to be unlawful some 20 years ago.

They either say what the charge for this is at the outset (and then it cant change) or they cant change the terms.

 

i bet they charged you an arrangement fee and load of other bits and bobs are written into the mortgage.

 

the reality is that deeds dont exist like they did many years ago.

You don't have a piece of paper that is the sole evidence of ownership,

it is just an entry on the Govt computer that anyone can look at so they aren't looking after your deeds.

 

what they are saying is that they want to charge you an extra £50 to have their name as mortgager on the deeds.

 

Well if they want to remove any mention of their interest in the property then they should feel free to do so and see how many people then do a runner

[help_me_please]

Thanks for the responses - I take it that I will be pushing water uphill with a brush trying to notify them that I reject the new fee?  Would Resolver be a good tool to use to contact them?

 

Thanks again.

[dx100uk]

No write directly and complain

[AndyOrch]

Your deeds are held by the Mortgagor as security not the LR.....LR only have copies of the original Title Deeds.