Mortgage Repo Law

[Irishlad108x]

Hey!! Bad news is that my property got repossessed last year. It has been sold and I have recived a letter from the mortgage companies solicitors with a breakdown of costs on the letter. There are costs on the sheet that I dont agree with, for example an �1800 admin fee and also they have added what looks like the interest for the remaining term onto the mortgage (�13,800). Is there any law regarding these charges as I am unhappy with them. I have asked for a copy of the the T&C of my mortgage but this has not been forthcoming.

[themas]

I don't know whether there is any specific law about this, but think it rather unlikely. However, I don't see how they could justify adding interest for all the remaining term (if that is what they have done).

You need to pursue this with the mortgage lender, but only in writing by recorded delivery & keeping copies. Do not try to do it on the phone - too easy for them to deny things afterwards.

Get details of their formal complaints procedure & write a complaint letter, asking to be given a copy of the T & C, also for a detailed breakdown of each of the charges you are unhappy about & the reason why each charge has been made. If necessary, go right through their complaint procedure & then to the FOS.

[Irishlad108x]

Thanks for your help - theres a recorded delivery letter on the way to them now!!

Irishlad108x