Contract Law and mortgages, when is a fixed mortgage not fixed |
Contract Law and mortgages, when is a fixed mortgage not fixed |
Mon, 4 Dec 2017 - 19:35
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#1
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Member Group: Members Posts: 1,423 Joined: 15 Apr 2009 From: Winnersh, UK Member No.: 27,840 |
Hi,
Can somebody advise me of the laws that govern mortgages. I am writing a compliant and want to get my facts straight as I expect a fight from the bank. Here is the background
The extra £30/mo multiplied by 5 years is £1,800 and considering the total interest charged according to the offer letter is £6,400, this represents a 28% increase in the total interest payable Below is their fob off letter and I can if needed upload the original offer letter of 25th Aug (6 pages to redact). the monthly pay figures above are rounded to the nearest tenner, but the difference is still 30 clams (plus a bit) per month What are your thoughts guys? |
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Mon, 4 Dec 2017 - 19:35
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Sat, 2 Jun 2018 - 07:54
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#21
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Member Group: Members Posts: 4,126 Joined: 31 Jan 2018 Member No.: 96,238 |
It was the obvious explanation and has cost them at least half the disputed amount
£500 compensation for your wasted time £400 charge for Ombudsman investigation Couple of hundreds for their own time It's a shame that the saga has probably left them in profit - it's been discussed at somebody's appraisal whose salary progression or promotion expectations have been damaged as a result |
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Sat, 2 Jun 2018 - 10:40
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#22
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Member Group: Members Posts: 38,006 Joined: 3 Dec 2010 Member No.: 42,618 |
£400 charge for Ombudsman investigation Make that £550 http://www.financial-ombudsman.org.uk/faq/...funding_a5.html -------------------- If you would like assistance with a penalty charge notice, please post a thread on https://www.ftla.uk/index.php
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Sat, 2 Jun 2018 - 13:30
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#23
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Member Group: Members Posts: 33,610 Joined: 2 Apr 2008 From: Not in the UK Member No.: 18,483 |
it's been discussed at somebody's appraisal whose salary progression or promotion expectations have been damaged as a result I very much doubt that. -------------------- Moderator
Any comments made do not constitute legal advice and should not be relied upon. No lawyer/client relationship should be assumed nor should any duty of care be owed. |
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