Fulltimer? no mortgage ? 1 phone call make 100s

[hogan]

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:

 

[IanH]

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

 

[lugnutt]

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:

 

[hogan]

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

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.

 

[hogan]

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:

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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