14 Jan 2016

A question about : Excessive Broker Fee for Secured Loan

Hi guys, I'm looking for a bit of advice. I've recently started reclaiming for mis-sold PPI on loans and credit cards that I used to have. Whilst looking for this paperwork I've found a credit agreement from 2006 which states I paid a Ј500 broker fee for a loan secured on my property. Does this fee seem excessive to you? Could I complain about it andtry to claim it back? The secured loan is paid back now so would I contact the broker and express my dissatisfaction or is it a no-hoper?

Thanks in advance

Best answers:

  • Thanks for your reply. The agreement document states the following:
    Load Advance Ј14300
    Broker fee Ј500
    Total loan amount Ј14800
    180 payments of Ј174.78
    Have also got another column saying charges Ј17,160.40 (ie broker fee) + interest as described bvelow. It then goes on to explain the interest rate.
    What do you think about it?
Category: 
Other Reclaiming: Mortgage Fees, Council Tax etc
  • 256 reads
Please Login or Register to reply to this topic