An injured soldier, who moved back home after no longer being fit for active service, has had fees for breaking his mortgage cancelled by Scotiabank.
The lender had previously told Master Cpl. Martin Pitre, who fought in Afghanistan, that he would be charged $7,000 for breaking the mortgage on his current home. This three month interest penalty was being applied as Pitre was being released from the military rather than being posted.
Although the army pays expenses for a ‘final move’ it doesn’t include mortgage penalties. Pitre is financing his new home with Scotiabank so is questioning why there should be a fee at all.
The bank has now cancelled the fees and apologized to Pitre, saying they are proud supporters of Canadian Armed Forces and says it ‘erred’ in not offering to port the mortgage.
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