Response to Bankruptcy and relocation

With regards to the mortgage penalty payment-have you tried to get this reduced at all?When my husband repaid his mortgage with the Bradford & Bingley they wanted a £2000 redemption penalty for his "cashback" mortgage as he had only had it for 2 and a half years- not their required 5 years. I sent a letter quoting a Press Release from The Office of Fair Trading's website and they immediately reduced the penalty by half. I then complained that he would be losing his chance of any shares when they were due to go plc and had not been informed in any of their correpsondence with redemption figures and they eventually reduced the penalty to £500. The quote I used was from "Note 3" at the bottom of the page of: www.oft.gov.uk/html/rsearch/press-no/pn43c-99.htm Remember to quote the Press release date of 18 Nov 99 and the Press Release number of PN 43c/99.

[ Previous | Next ]