Mortgage Redemption Figure Calculated Incorrectly!

akki007

I have recently moved house, Northern Rock gave our solicitor a redemtion figure which led to £6400 coming back to us which we have used for home improvements. 4 weeks later, Northern Rock have phoned our solicitor and have told them that they have calculated the redemption figure incorrectly and we now owe them £1900!

I don't have £1900, what, if any, comeback do I have on Northern Rock??!! HELP!

silvercar

Is your new mortgage with Northern Rock? If not, you are in a much stronger position as this money is not secured on any property.

Do you accept the new figures or not?

If you feel they are correct then negotiate the payment over 6 months. Its not your fault they made a mistake and you have spent the money.

If you dispute the figures you could drag this thing out longer.

If your new mortgage is with Northern Rock then they could add this to the new mortgage, if you wanted them to.