We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Call about mortgage repayment claim

I got a call from a company called "it,s your home ltd" claiming that I would be able to claim overpayment on interest on my mortgage. Apparently it is going through the courts at the moment that the bank rates were being fixed and that they could make a claim on my behalf!! They claim it is a no loss as you don't pay anything unless you win over £5000.
They also claimed that you should not be paying over £100 a month on dual fuel bill, don't know if this is written law or not?

Is this a legitimate company and can they actually do what they say?

Comments

  • It's a scam. We would all like some free money but you will end up out of pocket if you respond.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    oh !!!!!! do you really need to ask?
  • dunstonh
    dunstonh Posts: 121,388 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    claiming that I would be able to claim overpayment on interest on my mortgage.

    There are quote a few of these scams calls going around at the moment.
    Apparently it is going through the courts at the moment that the bank rates were being fixed and that they could make a claim on my behalf!!

    Complete BS i'm afraid. They have taken an element of truth and spun a scam out of it. LIBOR was the rate fixing issue but that would only affect you if you were on a LIBOR tracker and for retail personal consumers, the LIBOR rate was largely manipulated to be lower than actual. So, retail personal consumers benefited. It only business customers who may have scope for future action.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.3K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.