Mortgage gone up by 50%???

Teterow

Hi there,
just had the shock of the day.

Currently working as a freelancer as in between jobs. So get paid sporadicly. Anyway, could nt make the mortgage payment on time as I hadnt been paid and asked for a payment date in the same months just 10 days later. B&W whad no problem with that. Mortgage came out this morning and normal monthly payment increaseed by £455!!!!!:eek:

Rang them straight away and they said it must be an admin mistake and they would refund the money in the next 5 days. Phweeeewww!
But what about the interest???? Can I claim that back from them????

Many thanks
Susann

lisyloo

No reason why you can't ask but work it out first.
I would guess it would be quite small for a few days (and you are probably taxed on savings interest), so it may well not be worth the cost of a stamp or phone call.

markelock

5 days of £455 in a regular account? how much interest is that?

Teterow

I should have said, that as a result of the overcharge I am now very deep into my agreed overdraft...hence the question about the interst...

dzug1

Teterow wrote: »

I should have said, that as a result of the overcharge I am now very deep into my agreed overdraft...hence the question about the interst...

Even at 15%, less than £1

feisty1

Teterow wrote: »

Hi there, just had the shock of the day. Currently working as a freelancer as in between jobs. So get paid sporadicly. Anyway, could nt make the mortgage payment on time as I hadnt been paid and asked for a payment date in the same months just 10 days later. B&W whad no problem with that. Mortgage came out this morning and normal monthly payment increaseed by £455!!!!!:eek: Rang them straight away and they said it must be an admin mistake and they would refund the money in the next 5 days. Phweeeewww! But what about the interest???? Can I claim that back from them???? Many thanks Susann

How much are they charging you for paying 10days late?