Reclaim mortgage arrears charges
Is your mortgage in arrears? Then you will know of the
extortionate penalties that can be imposed on you by your mortgage
lender.
The mortgage companies claim that they are justified in charging
these fees to cover "administration" costs incurred when informing
you of your predicament. However, everybody knows that it doesn't
cost £30-£40 to draft a letter or make a phone call.
If your financial situation worsens and you find yourself
repeatedly in arrears then these charges can add up; for example if
you get to the stage where the bank is threatening to repossess
your home you may owe up to £4000 in petty and unreasonable fines
just to add to your woes.
The Financial Services Authority has declared that these penalty
charges are unlawful and unfair and thousands of people have
already reclaimed millions of pounds as a result. So if you would
like to know how to reclaim your money then read on.
How to
reclaim your mortgage arrears charges
Claims Financial