Interesting letter from First Direct

karlos007

I have recieved a letter from First Direct with regards to my four year old mortgage account. Basically they say that they are just letting me know that the calculations they made in the "Amount you pay back" section of my key facts mortgage offer when i took out the mortgage were wrong. They say that i do not need to do anything because they have now put this right.

Am i right in thinking that if the documents that we signed at the time contained the incorrect calculations then the agreement would be null and void.

Any help would be appreciated.

Thrugelmir

karlos007 wrote: »

Am i right in thinking that if the documents that we signed at the time contained the incorrect calculations then the agreement would be null and void.

Any help would be appreciated.

No. As any figures quoted would have been estimations over the entire term of the mortgage. The actual amount you are paying is contractually the correct amount in accordance with the KFI and mortgage offer.

Peelerfart

It might be just as easy to ask them, but as it hasn't/isn't costing you any more money then what's the problem?

Are you trying to get out of your agreement with them?

karlos007

Peelerfart wrote: »

It might be just as easy to ask them, but as it hasn't/isn't costing you any more money then what's the problem?

Are you trying to get out of your agreement with them?

Just trying to establish that they will not try to get more money from me when the mortgage term ends. Reasonable enough worry i think.