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The Mortgage Point

linzipop
linzipop Posts: 5 Forumite
in Mortgages & endowments
hello can anyone shed any light??

I used the Mortgage point 8 years ago, since shortly after that i was paying them £50 a month as i changed insurance or something cant remember all the details. However i recently went through my finances and realised the DD was still being paid every month!!
I tried to contact them following a google search and it seemd they dont exist anymore,
My bank can tell me the account number its going into but nothing further, im sure i have overpiad and should be able to claim this back??

anyone know where to start??

Comments

  • ACG
    ACG Posts: 24,714 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    They have closed down, they closed about 2-3 years ago.
    I used to be their account manager at one of the companies they used - one of my biggest accounts!

    You would need to speak to your bank and possibly citizens advice/solicitor as im not sure how you would get money back from a company no longer trading.
    I am a Mortgage Adviser
    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.
  • linzipop
    linzipop Posts: 5 Forumite
    thank you for the reply,

    Surely the money is sitting somewhere ? Would you not think ?
  • ACG
    ACG Posts: 24,714 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Lol - if I said that to my mum she would give me a belt. Of course its sitting somewhere. But that somewhere doesnt mean its in the business bank account waiting to be recalled.

    It might have been pulled out of the business account/used to pay off any debts they had (if they had any) it could quite literally be anywhere. How do you sue a company that has closed down and presumably has no more assets? (I dont know the answer to that).
    I am a Mortgage Adviser
    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.
  • linzipop
    linzipop Posts: 5 Forumite
    fair point , im just annoyed with myself for not noticing it sooner !

    thank you
  • ACG
    ACG Posts: 24,714 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Speak to your bank, see if they can recall any of the payments?
    I am a Mortgage Adviser
    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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ACG wrote: »
    They have closed down, they closed about 2-3 years ago.
    I used to be their account manager at one of the companies they used - one of my biggest accounts!

    If it's a direct debit that's being claimed then very much alive.

    OP are you sure it's not a standing order?
  • ACG
    ACG Posts: 24,714 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    It will be a standing order.
    I dont think TMP had the facilities to set up a DD.
    I am a Mortgage Adviser
    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.
  • linzipop
    linzipop Posts: 5 Forumite
    yes im pretty sure its a standing order ?:mad:
This discussion has been closed.
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