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Clydesdale bank morgage.
4bes
Posts: 2 Newbie
in June 2010 the Clydesdale bank reviewed our mortgage (not at our reuest) which revealed an inaccuracy in the way our repayments were calculated. The effect of this, when combined with the previous years reduction in interest rates, our minimum payment had fallen below the level required to repay our mortgage within the agreed term.
They recalculated our mortgage and we now and have been paying and extra £182 per month. They have apologised for this issue and any inconvenience it may have caused. Just wondered and i know they have done it now, but was right.
They recalculated our mortgage and we now and have been paying and extra £182 per month. They have apologised for this issue and any inconvenience it may have caused. Just wondered and i know they have done it now, but was right.
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Do you have a question, or require help?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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I had heard that the bank was wrong to do this and that we might be entitled to money back and that they clydesdale would be in touch but never heard anything. do you think we would be entitled to money back??0
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