Vision for an independent organisation to represent UK landlords20:18 PM, 16th September 2018
About A week ago 59
15:56 PM, 4th July 2018
About 3 months ago
Last week, I completed the sale of an apartment. The mortgage was redeemed from Rosinca – this being a mortgage that was recently transferred from UKAR, previously being a Mortgage Express product.
Rosinca have charged me a fee (of 0.5% of the outstanding balance) to waive their “Right to Consolidate” all of my mortgages with them. This mortgage (nor any other) has never been in arrears.
The outstanding balance of £180,000 has created a fee of £902 added to the redemption figure, along with the threat that they would refuse to redeem the mortgage unless this fee was paid.
My solicitor paid the full redemption cost, as this was the only way to complete the sale.
Has anyone else had this experience?
Any advice for me on possibly recovering this fee?
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