UBS LIBOR rate refund excess on variable mortgage

haileywood

As we all now know UBS have been heavily fined for illegally manipulating the LIBOR rate for years. Impacting on any organisation or individual borrowing money. My mortgage is intrest only and with UBS. Can I reclaim/sue for the money that I may have paid UBS in excess of what I am contractually obliged to because of their illegal misshandling of the LIBOR rate. I may not have all my information correct here, but hopefully someone will catch my drift so to speak.

kingstreet

AIUI, LIBOR rigging resulted in a lower rate being set, not a higher one. You have probably paid less than you would have...