I've read the article regarding the MAEF listed here: http://www.moneysavingexpert.com/reclaim/mortgage-fees
My current mortgage (which was fixed for 5 years) with Santander will be coming to an end soon and I have read that there is a £225 early redemption charge/mortgage account fee. The mortgage was originally with Abbey. The article listed above mentions the same amount that has been stated on my paperwork: £225. Just to confirm, will I be eligible to have this fee reduced to £85 if I change mortgage providers? I believe that I can but wanted to make sure before I switch providers as I would like to factor in any additional costs involved to switch providers.
TIA
My current mortgage (which was fixed for 5 years) with Santander will be coming to an end soon and I have read that there is a £225 early redemption charge/mortgage account fee. The mortgage was originally with Abbey. The article listed above mentions the same amount that has been stated on my paperwork: £225. Just to confirm, will I be eligible to have this fee reduced to £85 if I change mortgage providers? I believe that I can but wanted to make sure before I switch providers as I would like to factor in any additional costs involved to switch providers.
TIA