If you have redeemed your Mortgage in the last 12 years you may be entitled to Thousands of Pounds in refunds as the Lender may have miscalculated your redemption figure. The Lender may have failed to apply the correct interest rate to your mortgage product and it is more than likely that there have been fees and charges that have been incorrectly levied/charged to your redemption figure.
This is a well-known and ongoing issue throughout the mortgage industry.
The Financial Conduct Authority (FCA) have commented ‘that miscalculations have occurred due to automated changes to repayments that banks were not paying attention to…’,
It is our view that the Lenders may have been actively involved in this practice and deliberately chose to ignore the mistakes as they were benefitting the lender.
At Mellor Solicitors we will endeavour to you to put you back into the same position that you would have been in had your mortgage not been mis-calculated.
To make a claim – please fill in the form and our advisors will be in touch and explain the process from start to finish.