Finally can sell my house. But feckin fees...oh lord!

[HannsG]

Got asking price last night. Happy as Larry...

Did some calculations today. I will be spunking 8k alone on fees before i see my equity.

1.25% on total house to estate agent
1k to lawyers
4% to get out of mortgage early. 4% fk me, on the remainder of mortgage!!!!!!!

I wanted rid as its a buy2let 100s of miles away.

Its put me off houses for a few years... 4 flipping percent. Thieving bds.

[HannsG]

Fastpedeller said:

Have you asked the Mortgage Co if they will negotiate? They can only say no or Yes - It may be worth a try.
ps If this tip is successful I'd like my 0.25 commission, please pm me if successful

I will be on the phone Monday. Mental

[HannsG]

whoami said:

Were you not made aware of the redemption fees before you signed up to the mortgage?

I was. I fully accept your right, but I was naive to assume it was high enough to be 4%.

Personal situation dictated I be shot of the house ASAP. Plan was to keep it a lot longer, but I needed the equity very sharpish. Hence my shotgun approach to the house sale.

Otherwise I would not have re mortgaged the house lastyear.

[HannsG]

Countdown said:

Tbh all those seem pretty standard. From my experience the EA fee is standard (and would have been agreed with you prior to listing). The lawyers fee - if that's for conveyancing only then it seems high - my solicitor charges £375 plus VAT plus disbursements.

And the mortgage repayment fee should have jumped out at you when you did the original application? Were you struggling to get a decent mortgage as there are plenty which allow overpayments/no exit charges.

I thought you were CIMA? Not meaning to sound harsh but surely this kind of thing is bread and butter for somebody who works in finance?

Bread and butter yes. But 8k fees is a pisstake nonetheless.