Fulltimer? no mortgage ? 1 phone call make 100s

Discussion in 'Full Timers' started by hogan, Apr 10, 2008.

  1. hogan

    hogan Read Only Funster

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    Saw a prog on chan 4 or 5 last night called "it pays to watch" its all about how to save money.One item that caught my eye was that if you have payed off your mortgage early you would have been charged for the privilege
    Heres the good bit, a new law has been passed that says all these charges must be payed back plus interest, all you have to do is ring your old mortgage company with your details and they will send you a cheque.
    So this morning I gave it a go , after a 3 min telephone call I was told a cheque would be in the post within the next 7 days.
    Job done :thumb:
     
  2. IanH

    IanH Read Only Funster

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    Paid ours off in 2005 so when we get back from the States end of the month i will give ours a call.Every £ counts at the moment ,do you know if it goes back to 2005 or just recently

    Ian
     
  3. lugnutt

    lugnutt Funster Life Member

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    hi hogan...i gave it a go and was told because my mortgage had run for over ten years i was not charged therefor no refund

    dave:Sad:
     
  4. hogan

    hogan Read Only Funster

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    Hi Ian mine was paid off in 2001 and had no problem.I also know a person who paid off in 1980 she also got refunded.
     
  5. hogan

    hogan Read Only Funster

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    sounds a bit odd to me Dave,even if you pay off your mortage with only a year to run they will charge you.Get them to double check and if you were not charged you were very lucky.
     
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