My husband & I are buying a house and transferring the mortgage that we have on our flat as part payment on the new property (and getting a new mortgage to cover the rest with the same lender). Barclays-Woolwich, as well as adding the unbelievable 'arrangement fee', have also added on a £150 'redemption fee' charge to move the existing mortgage onto a new property. However, I fail to see how this is a redemption charge or an exit fee since we are not ending the mortgage simply transferring it. I have seen articles and a forum discussion on claiming back mortgage fees on here & want to know if we have a case to ask them to deduct this (the costs of moving and stamp duty are crippling as it is :() Any advice and thoughts welcome. Thank you.
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