Are You Looking to Make a Mortgage Fees Claim?
When dealing with a mortgage lender, there is an entire plethora of charges they could present you with, this site is a guide to what these charges are and how you can claim them back.
The charges we will talk about here are Mortgage Exit Administration Fees, otherwise known as MEAFs, alongside mortgage arrears fees.
Mortgage Exit Administration Fees (MEAFs) – these are charged for legal and administrative costs when you pay off or switch your mortgage, and are NOT to be confused with the (un-claimable) Early Redemption Fees. MEAFs have been reviewed not so long ago by the FSA (Financial Service Authority) and the majorities have been deemed as breaches of the Unfair Contract Terms Act 1999.
Mortgage Arrears Fees – these are charges that incur when you have arrears over your mortgage payments. These can be avoided by contacting your lender personally as soon as you may have trouble paying. You should let your lender know what the problem is, and how you intend to fix it in order to try and score a little understanding from their part.
In both cases, these fees and charges often need to be claimed back.
Pursuing a lender in order to make a claim can take you through many different legal claims processes and procedures. If you have never dealt with legal matters and crucial documents like this before, it is highly advisable that you enlist the support and advice of a legal professional.
A legal professional such as an advisor or solicitor can provide a valuable eye over any legal proceedings you must undertake. From ensuring the correct body of documentation is provided, and forms are filled out to their maximum potential; a solicitor can guide you through a Small Claims Track in court if your claim comes to that finality.
The following pages on this site provide information on how to pursue claiming back mortgage fees and charges, how to go through Small Claims Tracks in court, and how to locate the best solicitor you can using our free Find a Solicitor service.
