Halifax Mortgage Arrears Charges Reclaim

[Bazza]

Sorry if not posted under correct thread.

I have had a mortgage with the Halifax since 2001 and recently requested some Statement of Accounts to check on some payments.

When reviewing details received, I noticed a few of the following charges :-

High Lender Charge £228.25
Missed Payment Fee £20.00
Arrears Admin Fee £25.00
Returned Cheque Fee £20.00
Deeds Dispatch Fee £40.00
Telephone Call £25.00
Letter Fee £35.00
Sundry £349.00
Matched K £852.04

Can I claim any of these back plus interest ? If so is there a letter template and appropriate spreadsheet for reclaiming ?

Cheers

[Turboman]

Re: Halifax Mortgage Arrears Charges Reclaim

Can you please the items I have highlighted as these appear the mosy significant amounts unexplained

High Lender Charge £228.25
Missed Payment Fee £20.00
Arrears Admin Fee £25.00
Returned Cheque Fee £20.00
Deeds Dispatch Fee £40.00
Telephone Call £25.00
Letter Fee £35.00
Sundry £349.00
Matched K £852.04

[FlamingParrot]

Re: Halifax Mortgage Arrears Charges Reclaim

Sorry if not posted under correct thread.

I have had a mortgage with the Halifax since 2001 and recently requested some Statement of Accounts to check on some payments.

When reviewing details received, I noticed a few of the following charges :-

High Lender Charge £228.25
Missed Payment Fee £20.00
Arrears Admin Fee £25.00
Returned Cheque Fee £20.00
Deeds Dispatch Fee £40.00
Telephone Call £25.00
Letter Fee £35.00
Sundry £349.00
Matched K £852.04

Can I claim any of these back plus interest ? If so is there a letter template and appropriate spreadsheet for reclaiming ?

The Higher Lending Charge is not a charge as such, it was formerly known as Mortgage Indemnity Insurance or Mortgage Indemnity Guarantee, which reflected its purpose more accurately. It is intended for the lender to cover the cost of insuring the mortgage against losses caused by a potential shortfall should you default on your mortgage. Many lenders charge this on high LTV mortgages according to set criteria, for example, if you borrowed more than, say, 75% you'd be charged a certain amount, others would only charge it if you borrowed, say, 90%.

You can't reclaim the Higher Lending Charge as it would have been used to purchase an insurance policy for the lender. The fee is usually charged up front, often added to the mortgage itself, rather than being applied over the term of the mortgage. I'd have thought in 2001 it would still be called Mortgage Indemnity Insurance. Did you agree pay the fee in installments instead of up front?

[Bazza]

Re: Halifax Mortgage Arrears Charges Reclaim

Can you please the items I have highlighted as these appear the mosy significant amounts unexplained

High Lender Charge £228.25
Missed Payment Fee £20.00
Arrears Admin Fee £25.00
Returned Cheque Fee £20.00
Deeds Dispatch Fee £40.00
Telephone Call £25.00
Letter Fee £35.00
Sundry £349.00
Matched K £852.04

Sorry that is why I was asking, have not got a clue lol ! Don't worry I will be asking

Anyway, is it the same letter as reclaiming bank charges, obviously that is if I am entitled to pursue.

[Bazza]

Re: Halifax Mortgage Arrears Charges Reclaim

The Higher Lending Charge is not a charge as such, it was formerly known as Mortgage Indemnity Insurance or Mortgage Indemnity Guarantee, which reflected its purpose more accurately. It is intended for the lender to cover the cost of insuring the mortgage against losses caused by a potential shortfall should you default on your mortgage. Many lenders charge this on high LTV mortgages according to set criteria, for example, if you borrowed more than, say, 75% you'd be charged a certain amount, others would only charge it if you borrowed, say, 90%.

You can't reclaim the Higher Lending Charge as it would have been used to purchase an insurance policy for the lender. The fee is usually charged up front, often added to the mortgage itself, rather than being applied over the term of the mortgage. I'd have thought in 2001 it would still be called Mortgage Indemnity Insurance. Did you agree pay the fee in installments instead of up front?

Cheers Flamingparrot for your response as most helpful as always.

Yes the fee was paid up front and appears as Higher Lending Charge on statement provided.

[Bazza]

Re: Halifax Mortgage Arrears Charges Reclaim

Sorry can anyone advise about reclaiming charges from the Halifax ?

Cheers

[Bazza]

Re: Halifax Mortgage Arrears Charges Reclaim

Any help would be very much appreciated thank-you.

[FlamingParrot]

Re: Halifax Mortgage Arrears Charges Reclaim

I will leave this side of things to the reclaims specialists such as Turbo and Di. :yo: :yo:

[Bazza]

Re: Halifax Mortgage Arrears Charges Reclaim

I will leave this side of things to the reclaims specialists such as Turbo and Di. :yo: :yo:

Ok many thanks and will await further.

[Bazza]

Re: Halifax Mortgage Arrears Charges Reclaim

Ok many thanks and will await further.

Could anyone kindly help or advise thank-you.

[Bazza]

Re: Halifax Mortgage Arrears Charges Reclaim

Ok many thanks and will await further.

Sorry can anybody kindly comment further ?

[FlamingParrot]

Re: Halifax Mortgage Arrears Charges Reclaim

Sorry can anybody kindly comment further ?

I'd suggest sending a PM to Di30 or Turbo, with a link to this thread. :typing:

[Bazza]

Re: Halifax Mortgage Arrears Charges Reclaim

I'd suggest sending a PM to Di30 or Turbo, with a link to this thread. :typing:

Cheers FlamingParrot and will do.

:tinysmile_twink_t2:

[di30]

Re: Halifax Mortgage Arrears Charges Reclaim

Hiya

Sorry missed this one, probably because I'm mainly on the ppi reclaiming lol, but this below is from the MoneySavingExpert website, with info on reclaiming various products within mortgage arrear charges etc, I think this will give a fuller detailed explanation on what you can make a reclaim on........

Check this link out here;
http://www.moneysavingexpert.com/new...-fees-fsa-says

[Bazza]

Re: Halifax Mortgage Arrears Charges Reclaim

Hiya

Sorry missed this one, probably because I'm mainly on the ppi reclaiming lol, but this below is from the MoneySavingExpert website, with info on reclaiming various products within mortgage arrear charges etc, I think this will give a fuller detailed explanation on what you can make a reclaim on........

Check this link out here;
http://www.moneysavingexpert.com/new...-fees-fsa-says

Cheers Di and no probs.

I just had a quick look but does state that they will only entertain complaints that are made three years from when you realise you could. Does that mean that I probably too late now would you know ?

Cheers

Bazza