Jump to content


FSA warning on mortgage exit fees


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 6573 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

(note from me: Mods, if this has already been posted feel free to delete it, then drag me out and shoot me for being dozy! :))

 

From http://news.bbc.co.uk/1/hi/business/5086556.stm

 

The Financial Services Authority (FSA) has asked mortgage lenders to justify their high mortgage exit fees.

 

 

Since last autumn it has been looking at accusations that the fees, called Mortgage Exit Administration Fees (MEAFs), have been raised unfairly.

 

The FSA says raising the fees can only be justified if they reflect legitimate costs increases and are proportionate.

 

It has given certain lenders a month in which to explain why they have put their charges up.

The FSA said: "It was not clear that increases in MEAFs were proportionate to any increases in associated mortgage exit costs incurred.

 

... read more at http://news.bbc.co.uk/1/hi/business/5086556.stm

  • Confused 1

If my reply or advice was helpful, please click the scales!

-------

DISCLAIMER: My opinions are strictly personal, and should not be taken as a substitute for individual professional legal advice on your own particular situation.

-------

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...