MSE News: Halifax to repay £500m to 300,000 mortgage holders

copers

I wonder if I have received the cheque for the lowest amount.....£5!

This doesn't buy much goodwill from me I am afraid.

I was only on the SVR for 1 month (Jan 2009) though. I believe the £5 represents the difference in the interest I would have saved if the 2% cap was still in effect?

I was on a 2 yr fixed until 31.12.08. Is there any chance I can get more out of them do you think?

stoneyboycool

Woo Hoo!! Cheque for £1540 arrived unannounced a couple of days ago. I'm delighted. :j

My mortgage was from April 2007, left May 2010. Think that means I was on SVR for 14 months.

I know it's greedy but is there anyway to push for more? Or is it best to quit while ahead?

Thrugelmir

stoneyboycool wrote: »

I know it's greedy but is there anyway to push for more?

On what grounds?

bluebaron

Similar situation, as above...

On the grounds that if the rate was indeed 2.5% and not the 3.5% i was being charged, I would not have remortgaged onto a different rate (fixed for 5 years at 3.79%).

I calculated that the increase in payments would negate in a short time, but if it was 2.5% to start with, the saving I assumed were distorted.

xxxxxlollyxxxxx

Omg, still in shock, received a cheque for £4150 today WOW!!!!!!!! Closed our mortgage account with them

Smudge's_Lot

Wow, moved from Halifax to HSBC in May 2010, and having been aware of the repayments thought that it would not apply but received a cheque for £2365 yesterday!!!
Have rechecked all the MSE articles and old statements and only agree now that I was due something but this:D
Will now challenge Halifax on the Mortage Exit fee charged having read that article this morning on MSE.

Thanks to the FSA and BOO to the Halifax!
Only moved because they did nothing about their interest rates when BoE was/is at 0.5%!

bluebaron

Smudge,

My point exactly.

I wonder if they will pay out for compensation for people moving their mortgage due the higher rate that they should not have been on in the first place!

The payment I received was just a refund of the overpayments.

BB

Margoriglick

Hi all TIA for any help/info.

Ive tried reading through all the posts but am still a bit confused :doh:.

I took out a mortgage with Halifax in July 2005 for £80,750 this was fixed until August (i think) 2010 and since then i've been on SVR.
Tonight is the first i've seen or heard anything about all of this (was just having a generally nosey around).

Does anyone think i may be due anything back? Shall i give them a ring? Some kind person had posted a link to an announcement on the Halifax website and its states that people would be sent a letter in April?

Many thanks,

Margoriglick

Lou1976

Hello all,

My situation is practically the same as the above post (took out my mortgage in August 2005 and finished fixed rate September 2010 when it went to the Standard Variable Rate. Does anyine think i should get anything back? Have tried ringing Halifax but it isnt open on a Sunday, probably be Tuesday now with the Bank Holiday.

All help/advice appreciated.

LondonLass

Margoriglick wrote: »

Hi all TIA for any help/info.

Ive tried reading through all the posts but am still a bit confused :doh:.

I took out a mortgage with Halifax in July 2005 for £80,750 this was fixed until August (i think) 2010 and since then i've been on SVR.
Tonight is the first i've seen or heard anything about all of this (was just having a generally nosey around).

Does anyone think i may be due anything back? Shall i give them a ring? Some kind person had posted a link to an announcement on the Halifax website and its states that people would be sent a letter in April?

Many thanks,

Margoriglick

Do you still have your mortgage offer letter/document? Give it a read and see if there is any mention of the 2% above base rate "cap". From what i can make out that is the starting point. Next you have to worry about any changes you might have made to the contract that would have changed the terms, such as increasing the mortgage size or converting to a different product. Lastly you have to think about how many months you were on the standard variable rate having come off of a fixed rate.