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
Mortgage Trust
nosser
Posts: 1 Newbie
Used to have my mortgage with the above named, have recently transferred to Woolwich.
The mortgage had a current account facility annexed to it. When everything went through MT informed me that they were legally entitled to hold onto my savings for a maximum of 10 working days to cover any outgoings.
That 10 days expired Friday. Having just been in touch with them today i am informed that the 10 days actually starts from the date of the last transaction and as there was one registered on 4th April they can't release my monies until the 18th.
Is this standard practice?
Cheers
The mortgage had a current account facility annexed to it. When everything went through MT informed me that they were legally entitled to hold onto my savings for a maximum of 10 working days to cover any outgoings.
That 10 days expired Friday. Having just been in touch with them today i am informed that the 10 days actually starts from the date of the last transaction and as there was one registered on 4th April they can't release my monies until the 18th.
Is this standard practice?
Cheers
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards