Can I...?

regularsaver1

Oh my god - that screws someone else up then

ATD you wanted to leave it early - your choice, knowing the Early Redemption Charges up front as well

what is this world coming to?

ATD_2

I know. We have war all over the world, rapists and murderers walking the streets, the youth of today are drug taking drunks and then you have me - claiming what is rightfully mine.

What a world we live in. This site is full of ways to make/save money. Taking advantage of offers and honest mistakes made by supermarkets, making interest on 'free money', and then theres me.

How do I possible sleep in my bed at night?

If BMI believed their ERC to be morally, ethically and lawfully theirs, why did they choose not to defend the case in court?

regularsaver1

You don't - you got the cheaper rate, were tied in - had a penalty when you chose to leave - and moaned

I imagine a tight with money kind of person

MortgageMamma

Well, if this is something that takes off then you can expect to see a huge rise in fixed rates and no ERC's attached at all, which really is unfair, to those that prefer to be on a fixed rate and abide by the contract terms, or port their mortgage. I'm not saying what you did was wrong ATD, fair play to you if you got them back, but this, if it takes off like the bank charge claims will make a massive impact on the mortgage market. Higher arrangement fee;s, higher valuations, higher interest rates - theres moneysaving which is good, but if its pushed too far by too many then changes will be made to defend the lenders profits

ATD_2

MortgageMamma wrote:

Well, if this is something that takes off then you can expect to see a huge rise in fixed rates and no ERC's attached at all, which really is unfair, to those that prefer to be on a fixed rate and abide by the contract terms, or port their mortgage. I'm not saying what you did was wrong ATD, fair play to you if you got them back, but this, if it takes off like the bank charge claims will make a massive impact on the mortgage market. Higher arrangement fee;s, higher valuations, higher interest rates - theres moneysaving which is good, but if its pushed too far by too many then changes will be made to defend the lenders profits

fair point.