We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Previous mortgage company want money back!!
angemr
Posts: 17 Forumite
I've just received a letter from a mortgage company I left over 3yrs ago saying that my account has a shortfall of £715.53 due to a refund overpayment.
The account was settled in April 2007 when I re-mortgaged.
Can they demand this money off me after this amount of time?!
Please can anybody help with some advice?!!!
The account was settled in April 2007 when I re-mortgaged.
Can they demand this money off me after this amount of time?!
Please can anybody help with some advice?!!!
0
Comments
-
6 years is generally considered the time they can go back on errors.
They cannot insist on immediate payment. However, they can expect you to agree an interest free period that is reasonable. Typically that is 12-24 months. Before you agree to that though, ask them for a breakdown of the figures to make sure you do owe it.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards