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Halifax mortgage-holders to get cash back after interest error - MSE News

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10,000s of Halifax mortgage customers are to be given a redress payment of £20 after the bank uncovered an error in the way interest has been charged dating back eight years, MoneySavingExpert can reveal...
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'Halifax mortgage-holders to get cash back after interest error'

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'Halifax mortgage-holders to get cash back after interest error'

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I have a Halifax mortgage and overpay every month by standing order. I notice that some months the payment isn't credited until the next day, whereas it is same day on other months. Would this be related, since I've been overcharged by pennies?
As someone who only recently moved away from Halifax and overpaid on many occasions over a number of years I'd certainly like to see the calculations!
There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies
It doesn’t mention that Lloyds, C&G or TSB are affected.
M
No. You'll have been charged even less as you've been overpaying.
Halifax mortgages would have been maintained on a seperate computer system at the time in question.
TSB was absorbed by Lloyds many years ago. Simply ressurrected to enable the split out of Lloyds for the new entity imposed on the bank by the EU.
Its the way they have added interest to people who have been making overpayments, therefore the more you have overpaid, the higher the incorrectly charged interest you have paid hence the £20 "refund" for there mistake!