HSBC advance, £12.99 p/m claim back?

pault123

Afternoon guys,

I was sold the HSBC advance monthly charge purely on the basis i'd get a better interest rate on my mortgage, and also a slightly preferable LTV. Is this grounds to fill in and send the MSE template to HSBC? I did get the better interest rate so not sure if the above is grounds to claim?

I'd be due back around £450?

Thanks!

dunstonh

Is this grounds to fill in and send the MSE template to HSBC?

I would very much doubt MSE has a template to cover that product.

I did get the better interest rate so not sure if the above is grounds to claim?

So, what would be the basis of your complaint?

I'd be due back around £450?

But how much more would you have to repay them if they voided the preferential terms and put you on standard?

pault123

Template is available for monthly bank accounts, have a look on main page, it includes being sold a monthly account to get a mortgage.

[Deleted User]

dunstonh wrote: »

I would very much doubt MSE has a template to cover that product.

You're wrong Dunston, there is a whole MSE advice article (with template)devoted to mis-sold packaged bank accounts;
http://www.moneysavingexpert.com/reclaim/reclaim-packaged-bank-accounts?_ga=1.160751935.340047350.1365283676

However, the originating poster of this thread has apparently taken advantage of a preferential mortgage rate available only with the account. It's therefore unlikely that any complaint about the account being of no use to him will succeed.

dunstonh

ahh, I didnt realise it was a packaged account charge. It sounded like something different from the way it was described.

However, as there has been a financial gain from, it seems nothing is actually wrong.