Please note that you may make a claim directly to your lender and/or the Financial Ombudsman Service without using the services of our firm or incurring any fees.
Miscalculated Mortgage Overview
Mortgage miscalculation happens when a moneylender cheats the customer on their home loan over the premium and expenses they have consented to. There are many reasons as to why miscalculations can occur: from direct financial misdemeanor to negligence when it comes to managing borrower’s payments—particularly after adjustments to interest rates. It has been observed by the Financial Conduct Authority (FCA) that some miscalculations have occurred as part of automated changes to repayments that banks were not paying attention to, following amendments to Bank Rate by the Bank of England.
Whatever the reason for a mortgage miscalculation, the outcome is the same. The customer has been paying more cash than they should to their lender which means that they are owed that cash back. Since mortgages can last decades, there is the potential for a significant payout.
Who regulates Miscalculated Mortgage?
The Financial Conduct Authority regulates all claims related to miscalculated mortgage.
There are a number of reasons why miscalculated mortgage may happen:
- The lender applied a higher rate of interest than that specified in the contract.
- The lender failed to implement an agreed concessionary interest rate.
- The lender charged unjustifiable arrears charges when the account is not actually in arrears.
- The lender accounted for interest on arrears twice.
- Interest may have been charged from a date that is different to that which is specified in the agreement.
- Unwarranted charges, fees or other items such as third party fees and insurances can sometimes be added to the account without justification.
Miscalculated Mortgage Claims by Ingram Toft
Did Your Mortgage Provider Make a Miscalculation?
At Ingram Toft, we are experienced in handling mortgage miscalculation claims. We understand that a financial miscalculation can be a very stressful experience, and we want to help you get the compensation you deserve.
We specialize in all types of mortgage interest miscalculation claims and can help you get the money back that you may have been overcharged due to a miscalculation.
Did You Fall Victim to a Miscalculation?
If you think you may have been a victim of a miscalculation by your mortgage provider, you have the right to seek compensation. We can help you get back what you are rightfully owed.
At Igram Toft, we understand that a miscalculated mortgage payments claim can be a complicated process. That's why we have the experience and expertise to help you get the compensation you deserve.
Contact Us Today
If you think you may have been a victim of a miscalculation, contact Igram Toft today and we can help you get the compensation you deserve.
Did you experience a Miscalculated Mortgage from a company? Get assistance now and be possibly compensated!