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Mortgage charges?
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drunkalarm
Posts: 29 Forumite
Hi,
Were looking at claiming our late payment charges back on our mortgage.
My question is....
1. Am I able to?
2. With the current OFT announcement will they put the case on hold?
Our mortgage is with Birmingham Midshires which I think it part of Halifax bank.
Thanks in advance.
Lee
Were looking at claiming our late payment charges back on our mortgage.
My question is....
1. Am I able to?
2. With the current OFT announcement will they put the case on hold?
Our mortgage is with Birmingham Midshires which I think it part of Halifax bank.
Thanks in advance.
Lee
0
Comments
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Anyone.....?0
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No. They are not a penalty but a charge for a service.0
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Hi KTF,
Thank you for your reply:beer: .
Its a late payment charge which would indicate its a penalty?
Could you clarify if your able to? I think it might just be me being thick:o
Thanks in advance.
Lee0 -
Its not a penalty charge. its an admin charge to pay for the work involved. Admin charges do not have the same restrictions that penalty charges do.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.0
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