Unuathorised Bank Charges

[gettin2dizzy]

http://news.bbc.co.uk/1/hi/business/7362856.stm

The verdict on the banks have acted accordingly comes out today. I've got £200 riding on this :shaking:


Nationwide:
£30 for a refused direct debit (where's the work involved here?)
£20 for unauthorised overdraft (for the sake of £2)

[ricky]

i have about 2k waiting on this result

[gettin2dizzy]

http://news.bbc.co.uk/1/hi/business/7364422.stm

They lost!! :thumbsup:

Bad time for banks at the moment ;) Glad their greed has caught up with them

[G]

Alliance & Leicester have already changed their policy on this. But they have made it worse for people who dont spend unathorised money.

Always been of the opinion that its not your money, you shouldnt have spent it, so expect to be penalised.

Aparently though this ruling wont mean banks have to pay everyone back, just that they have to change their ways from a set date, so i wouldnt expect a ton of money to be coming your way anytime soon.

[Baph]

Aparently though this ruling wont mean banks have to pay everyone back, just that they have to change their ways from a set date, so i wouldnt expect a ton of money to be coming your way anytime soon.

+1.

Abbey National have been charging me £25/month (plus interest) for the last 18 months or so. I put in a complaint as I'd closed the account, and the error is their miscalculation when I closed it.

I got a letter back saying the claim was on hold.

Looking forward to the result of this case, even if it just means Abbey National stop sending me demand letters for money I don't owe. Even if I have to pay them £5, I couldn't care less, but I'm certainly not paying more than that.

[gettin2dizzy]

But it is illegal to impose a fine, which is what it is. If I put in a contract that if you fail to pay me back some money I lended to you I can run you down, and then act on that I am still breaking the law. Hopefully the OFT will rule that it needs to be refunded, or at least a substantial percentage. Targeting those with little money with an illegal money-grabbing system that leaves them more vulnerable to debt is wrong on many many levels.

[DanAbnormal]

I think I may get back around 500 smackers. Which will be most welcome.

[Ed]

Banks have had their bread buttered on both sides for far too long. So high-handed and arrogant. Pride comes before a fall.

[DanAbnormal]

I have about 10 - 15 instances over the past 5 years of the below situation.

I go over my overdraft by mere punds or pennies. Never more than, say, a tenner. Abbey charge me £20 for going over my overdraft, and £30 for authorising whatver payment it was that made me go over. In most cases I have squared my account up the same day. So, £50 charge for going less than £10 overdrawn for a period of less than 24 hours. Nothing about this is just. :smt013

[dirtydog]

I hate banks

[G]

I cant see how people can complain, you have an agreed overdraft, so your already using money for free which isnt yours.....

you then take the liberty to go beyond the amount the bank had lent you for free so they impose a charge and people complain about it :confused:.

Surely after you have been charged once this should incourage you to not do it again, how people build up £1000+ in charges alone is beyond me!!!!!

I would never want to go into my agreed overdraft, let alone allow things to get so bad that I go beyond that amount.

If you dont have the money dont spend.

[21QUEST]

..............you then take the liberty to go beyond the amount the bank had lent you for free so they impose a charge and people complain about it :confused:.

.....

Errr overdrafts are NOT free ;)


Ben

[dirtydog]

Ben is right overdrafts are not free. Yeah they should be able to impose a charge for things no one is agruing with that fact it's the amount they charge, it's not meant to be a fine it's only meant to cover the costs they incur in you going overdrawn. I cant see how it costs £35 to send out a letter or email from an automated system? Answer is it doesn't.

[G]

Errr overdrafts are NOT free ;)


Ben

There not if you do nothing but live in them and are never in the black, if you dip into it for a day or two then they are/were (see below).

Alliance & leicester have only just changed their policy last month where your now charged 0.50p a day for a maximum of 1 week per month. The maximum you can be charged is ?5 a month (providing you dont somehow manage to go beyond your agreed overdraft)

Before that it WAS free whilst in your AGREED overdraft, they have now changed it to make money they have lost from not charging such large amount for unauthorised overdraft abuse.

To be fair I dont use my overdraft so dont know if it has come into effect yet.

[wow]

Banks are likely going to charge a blanket fee for everyone. In the Netherlands you pay a quarterly fee for having a bank card. Well who can do without one of those these days. No fees or anything for overdrafts.

This is what the BBC article says:
"If the banks eventually suffer a complete defeat on the issue, then it has been widely predicted that they will try to recoup their losses by abandoning the long standing policy of so-called "free banking" for customers in credit. Instead, monthly or annual charges could be introduced as standard for running an ordinary current account."

[G]

This is what the BBC article says:
"If the banks eventually suffer a complete defeat on the issue, then it has been widely predicted that they will try to recoup their losses by abandoning the long standing policy of so-called "free banking" for customers in credit. Instead, monthly or annual charges could be introduced as standard for running an ordinary current account."

This is what A&L have began doing to a certain extent, the end of free bank has been on the cards for a while because people cant control their money :rolleyes:

[Ed]

I cant see how people can complain, you have an agreed overdraft, so your already using money for free which isnt yours.....

you then take the liberty to go beyond the amount the bank had lent you for free so they impose a charge and people complain about it :confused:.

Surely after you have been charged once this should incourage you to not do it again, how people build up ?1000+ in charges alone is beyond me!!!!!

I would never want to go into my agreed overdraft, let alone allow things to get so bad that I go beyond that amount.

If you dont have the money dont spend.

But we all know that the world isn't like that, it isn't so clear cut. Payments in might arrive a day or two late, causing minor overdrafts. And graeme while you mightn't want to use an overdraft facility, others aren't so fortunate.

Nothing will convince me that these charges that we have got so used to are fair.

[Baph]

This is what the BBC article says:
"If the banks eventually suffer a complete defeat on the issue, then it has been widely predicted that they will try to recoup their losses by abandoning the long standing policy of so-called "free banking" for customers in credit. Instead, monthly or annual charges could be introduced as standard for running an ordinary current account."

I already pay ?10/month to have my bank account. Bring on the monthly fees!!

For that ?10/month, I get quite a lot of benefits (other than having a bank account) - like breakdown recovery for any vehicle, even if I'm just a passenger, over all of Europe. I also get a discount for my electricy bill, and a whole host of eco crap that I don't bother to use.

[G]

And graeme while you mightn't want to use an overdraft facility, others aren't so fortunate.


Then its a case of not living beyond your means, tighten up budgets and dont spend what you havnt got, theres alot of thing i would like but dont get, hell i could get them on credit card or via my overdraft or even get a loan, but i dont want to live on a knifes edge.

People know when they dont have enough money, yet they will still go out and buy that 42" LCD tv they cant afford instead of a cheap tiny normal TV, then struggle along.

Its not a case of being fortunate, its being sensible with money.


Nothing will convince me that these charges that we have got so used to are fair.

Nothing will convince me that 3 points and ?60 fine and increased insurance premium that we have got used to is fair for excessive speed.

But if you dont want that penanlty, dont speed, or speed and except the consequences when they arrive.

Convert that around and read into it what you will.

Its that simple.

[punyXpress]

But it is illegal to impose a fine, which is what it is. If I put in a contract that if you fail to pay me back some money I lended to you I can run you down, and then act on that I am still breaking the law. Hopefully the OFT will rule that it needs to be refunded, or at least a substantial percentage. Targeting those with little money with an illegal money-grabbing system that leaves them more vulnerable to debt is wrong on many many levels.
Isn't that exactly what the government does? :confused:

[sarah]

On the couple of occasions that I have gone overdrawn or not paid my credit card bill on time I have phoned up the bank and asked them to not charge me and they didn't/refunded any charges.

[gettin2dizzy]

Then its a case of not living beyond your means, tighten up budgets and dont spend what you havnt got, theres alot of thing i would like but dont get, hell i could get them on credit card or via my overdraft or even get a loan, but i dont want to live on a knifes edge.

People know when they dont have enough money, yet they will still go out and buy that 42" LCD tv they cant afford instead of a cheap tiny normal TV, then struggle along.

Its not a case of being fortunate, its being sensible with money.

Its that simple.
If only it was so clear cut. This is an expensive time to be earning little. I myself spend 1/3 of my wages on rent...for a little room in a scummy area of Cardiff. Basic food has gone up exortionately and don't even get me on to the price of fuel. I don't have enough room for a 42" plasma never mind the cash, I'm not having a holiday this year (and haven't for the last 4-5 years) because I can't justify the expense of a passport never mind flights/hotels.

Yes you need to be careful. But a £20 + £30 for going in to your overdraft because a direct debit has bounced is not fair. For those of us who don't have the ability to have a 'buffer' amount of cash in their bank accounts you learn quickly that banks are quick to take money out and slow to pay it in.

I'm not preaching poverty or saying you haven't earnt your wage, but we all have to start somewhere.

[Flamin_Squirrel]

Then its a case of not living beyond your means, tighten up budgets and dont spend what you havnt got, theres alot of thing i would like but dont get, hell i could get them on credit card or via my overdraft or even get a loan, but i dont want to live on a knifes edge.

People know when they dont have enough money, yet they will still go out and buy that 42" LCD tv they cant afford instead of a cheap tiny normal TV, then struggle along.

Its not a case of being fortunate, its being sensible with money.



Nothing will convince me that 3 points and ?60 fine and increased insurance premium that we have got used to is fair for excessive speed.

But if you dont want that penanlty, dont speed, or speed and except the consequences when they arrive.

Convert that around and read into it what you will.

Its that simple.

******** it's that simple.

I've been paid a few days late before, meaning all my standing orders which would normally go out afterwards come out before hand. Only had a £200 authorised overdraft at the time, so went over and got charged £30.

Even had a couple of grand in my instant access savings account i could have dropped into my current account temporarily if I'd known too.

Your high n mighty attitude is missplaced.

[Speedy Claire]

How far back exactly can you claim for? and i`ve heard that if you do happen to have your charges reimbursed the bank will then ask you to close your bank account... is that true?

[gettin2dizzy]

6 years and maybe.

[G]

To be fair though you have a good focus tdci, a motorbike which I assume is only an expensive toy, you recently bought an xbox and our buying GTA when it comes out. Therefore you clearly have money to spend which you could otherwise save for one month to provide you with that buffer so you didnt go over in future.....but you must choose not too.

You certainly dont have it bad, and theres clearly alot you could changed if it ever was to go bad.

[Baph]

How far back exactly can you claim for? and i`ve heard that if you do happen to have your charges reimbursed the bank will then ask you to close your bank account... is that true?
As G2D says, you can claim for up to 6 years.

The way to do it is to write to them, asking for a detailled list of all charges applied to your account over the last 6 years. When you do, also include a cheque for £10 as they're allowed to charge an admin fee under Data Protection Act, but this is capped at £10 by the FSA.

When you receive your detailled list of charges, go through it, and highlight anything that you want to contest. Then write to them asking them to justify the amount of the charge (not the reason for applying it, the amount applied), and that if they cannot provide adequate reason, you will apply for the charges to be refunded. You are also entitled to claim interest on these charges from the date that each charge was applied.

They will generally turn around & say "no way, go screw yourself." But keep up with it, and threaten court action (some people in the past have also filled out the forms to get Baliff's to attend the bank HQ with a view to repossesing goods to the amounts claimed!!).

Just before it gets to court, 99% of the time, the banks have said "OK, we'll pay you a % of your claim as a settlement." Most people have settled, as it's not really worth the hassle of court to get more money, and the banks think they win too as they haven't paid the full amount.

However, if you choose to do this, your contract with the bank states that they are entitled to close your account (but they must notify you in writing with sufficient notice) for any reason they choose. They can (and have) simple write a letter saying they no longer wish to have you as a customer.

[G]

******** it's that simple.

I've been paid a few days late before, meaning all my standing orders which would normally go out afterwards come out before hand. Only had a £200 authorised overdraft at the time, so went over and got charged £30.

Even had a couple of grand in my instant access savings account i could have dropped into my current account temporarily if I'd known too.

Your high n mighty attitude is missplaced.


Change your direct debit dates so they arnt so close to your pay date and the problem would have been avoided, or even just keep track of your accounts and you would have noticed and then you COULD have swapped some money over when you noticed your money hadnt gone in.



Your high n mighty attitude is missplaced.

That bo llocks, it nothing to do with being high and mighty, its simple things to cover your back and be sensible with your money.

[gettin2dizzy]

To be fair though you have a good focus tdci, a motorbike which I assume is only an expensive toy, you recently bought an xbox and our buying GTA when it comes out. Therefore you clearly have money to spend which you could otherwise save for one month to provide you with that buffer so you didnt go over in future.....but you must choose not too.

You certainly dont have it bad, and theres clearly alot you could changed if it ever was to go bad.
True which is why I'm not preaching poverty. Motorbike and car I don't own (finance), and not buying GTA would be a crime ;). Putting a lot of extra hours in to finance a few treats I think I deserve, but basic living expenses swallow my whole salary.

I'm only claiming for one period of time where £230 was racked up super-quick when one direct debit and my late paycheck didn't match. I worked my **** off over christmas and new year on a £4.65/hour salary to get a few extra pennies, and because of the bank holiday weekend I ended up coming out worse off after bank charges. A month presious to this I closed my overdraft on the account to their dismay.

[G]

i`ve heard that if you do happen to have your charges reimbursed the bank will then ask you to close your bank account... is that true?

They can do, they have to by law provide a basic cash account, if you cant conform with the terms and conditions of it then they can take it off you.

[ArtyLady]

If you dont have the money dont spend.

But there are people who can only afford to eat and pay bills by using credit cards and overdraft and are sinking deeper and deeper into the **** because of low income and rising costs of living :(

[Flamin_Squirrel]

That bo llocks, it nothing to do with being high and mighty, its simple things to cover your back and be sensible with your money.

Of course you're being high and mighty.

You may spend time counting pennies and watching your accounts like a hawk and but quite frankly, most people have better things to be doing.

[G]

Of course you're being high and mighty.



How am I being high and mighty, I'm having abit of banter on an internet forum, calm yourself down ;)


You may spend time counting pennies and watching your accounts like a hawk and but quite frankly, most people have better things to be doing.

It doesnt take much to spend 1 minute phoning the automated service that nearlly all banks offer now.

Or spend 2 seconds checking your accounts online.

If you would prefer to be charged a fortune whilst 'doing the better things you have to do' rather than spending 1 minute of your day checking your money is where its meant to be then thats your choice......a very strange one mind.

[Baph]

Or spend 2 seconds checking your accounts online.


You haven't tried to login to an account with my bank then.

Enter either Account # and Sort # or card #.
Enter 2 out of 4 security digits.
Answer one of 5 pre-configured secruity questions.
Answer one randomly generated security question based on account history.

Then you're into the portal, and its another couple of clicks until you see the account summary, let alone the transaction details.

But I'd rather it that way TBH.

[G]

The point is it doesnt take much.

[blueto]

But there are people who can only afford to eat and pay bills by using credit cards and overdraft and are sinking deeper and deeper into the **** because of low income and rising costs of living :(


I know somone whose bills work out like this



income after tax for 40 hours a week = ?1200

Mortgage rising = ? 685 a month

ground rent = ? 117 a month. was ?50 last year when she moved in! (currently disputing at solicitors)

water, gas electric sewage = ?100

council tax = ?90

car insurace, & petrol = ?100 ( ok somne might say not needed but it is for her to work)

credit card bill = ? 50

total before even getting food, cleaning products or lesire activites. = ? 1142

this leaves her ? 58 a month to live....CRAZY!

SO she lives on her credit card...

Now the mortgage was only 600 when she first moved in and the ground charge 50.... so she had a bit more money.


I do feel sorry for her as its only a small 1 bed flat also so she cant get a lodger.

The cost of living is extorniate and all the people that say you need to be carefull with money, how do you be carefull when there is fu@k all left over?

[sarah]

ground rent = ? 117 a month. was ?50 last year when she moved in! (currently disputing at solicitors)



do you mean management charges? that would seem v steep for ground rent.

[gettin2dizzy]

do you mean management charges? that would seem v steep for ground rent.
Seems normal to me sadly. Being able to charge ground rent is like having a licence to print money. I know of many cases where this has been increased so so much that no one can sell them on anymore.

[Flamin_Squirrel]

The point is it doesnt take much.

No, the point is it's not hard to accidently go over your overdraft limit, and when you do the banks charge far more than they should.

I don't check my accounts daily because I have no need to. Or rather there has only been one freak occurance in the last 10 years where I'd have benefited from doing so.

[blueto]

do you mean management charges? that would seem v steep for ground rent.


no ground rent.....She oens the flat with a mortgage but not the building its in i believe...something like that!

[Warthog]

My girlfriend set up a standing order a few days before our rent was due out of my account. The money left her account and then spent three days floating around in electronic cyberspace until it hit my account a day late. As a result I got a total of £88 charges. I went several shades of purple and then managed to recoup that cos I wrote 2 stern letters to the bank manager about 6 months ago.

I am quitting banking if they bring in a charge. The whole reason banks can survive is cos they pay low interest on savings and charge higher interest on loans! They want and need our saving money or else they go bust.

I HATE banks.

[G]

I am quitting banking if they bring in a charge.


+1

Although I dont know what the alternative is :( you could get paid by cheque......but then you would have to cash it (at a cost) in one of those extremely dodgy cheque cashing shops. Other alternatives include offshore accounts but they cost money aswell. There will surely always be one bank who stays free......as they will get so much business.

[gettin2dizzy]

When all the banks bring in a charge it'll get competitive. I've paid in the past and will pay again. Remember that free ATM transactions is a novelty to most!

[northwind]

The cost of living is extorniate and all the people that say you need to be carefull with money, how do you be carefull when there is fu@k all left over?

This'll sound really callous, I suppose it is, but people who can't afford their mortgage should probably think about getting out of ownership, or moving somewhere cheaper. Her situation from the sounds of it is not far off being a complete mess, and it's getting worse on her too if she's living off a credit card, that's only viable for so long and it catches up on you, not even in the long term but in the medium term. All it usually does is put things off, unless she expects to boost her earnings to get out of the hole she needs to stop digging. One of the worst parts of my old job was trying to help people who'd gone that wee bit further on than she has, desperately trying to remortgage, or sometimes ending up selling up and basically homeless, because they've built up debts just trying to stay afloat while telling themselves they've got no choice. And if the housing market falls, she'll have been killing herself to put money into an equity trap and be even worse off.

I can't afford a mortgage, so I don't have one...

[northwind]

I was going to post this earlier, but decided posting it from work would be a bit cheeky- here's the internal HBOS message for dealing with the current situation, your own bank will probably be doing something similiar. This could be useful to anyone who's been charged and is wondering where they now stand with their bank. Basically today's judgement doesn't mean any change, yet, as far as my lot are concerned.

"What does today's announcement mean?
The judgment is complex and HBOS is currently considering its
implications.

This is only the judgment on the preliminary issues and the legal
process will continue. Further Court hearings will be required before
the test case process is concluded.

What happens next?
The likely timetable for the next steps in the test case process will be
decided at another hearing which will take place on 22 May 2008.

When will I get my money back?
HBOS believes that the fees customers pay for unarranged overdrafts are
fair. Please note this is only the first stage in the test case
process.

As previously agreed with the Financial Ombudsman Service and the FSA,
customer complaints relating to unarranged overdraft charges will
currently remain on hold.
The Banks will also continue to ask County (England & Wales) and Sheriff
(Scotland) Courts to keep cases relating to unarranged overdraft charges
on hold until the test case process is concluded.

In the meantime customers should continue to operate their account in
line with their terms and conditions.

Can I make a court claim for a refund during the test case?
Yes, but we will ask the County (England & Wales) or Sheriff (Scotland)
Court to put your case on hold while the test case is running. This is
because the issues being raised in customer complaints about unarranged
overdraft bank charges are being considered in the test case.

My other bank has already refunded my charges to me - why haven't you?
We cannot comment on processes of other institutions, only the stance of
HBOS"

[ukrobuk]

I want to get a tractor with a muk sprayer on the back and spray the banks with poo, that way they will look and smell for what they really are.

[gettin2dizzy]

I want to get a tractor with a muk sprayer on the back and spray the banks with poo, that way they will look and smell for what they really are.
you remember that?! I lived in that weeny village hehe

[ukrobuk]

lol did ya, yeah i remember that on tv. did u see it?

[gettin2dizzy]

Yeah, hehe. Lived there all my childhood, I even opened my first account in that branch (which I still have)). He pulled loads of stunts afterwards too but I think he must have peaked too early!

[kitkat]

is it all banks - I have a current claim with Bank of Scotland to the value of ?300 over 2 months. but getting loads of charges from Lloyds

Im one of these underpaid workers, also single parent with expensive teenagers. My incomings are ?200 more than my outgoings. that ?200 has to cover petrol, food, clothing etc.

so my only thing of value is my flat, currently trying to sell - no buyers at the moment so stuck.

anyway back to the point, I have been charged by Lloyds an unplanned overdraft fee of ?15 and ?15 per day until back in credit from 18th April Wont be able to pay money in until 1st May (?165) therefore leaving me ?35 for the month. beans this month.

ignore last, read the document and LLoyds is mentioned. woohoo

[northwind]

?15 per day? p***-taking b*****ds.

Unfortunately this ruling doesn't make any actual difference for anyone right now, unless your bank voluntarily does something. Your BOS charges will still be stuck Kitkat :(

[blueto]

This'll sound really callous, I suppose it is, but people who can't afford their mortgage should probably think about getting out of ownership, or moving somewhere cheaper. Her situation from the sounds of it is not far off being a complete mess, and it's getting worse on her too if she's living off a credit card, that's only viable for so long and it catches up on you, not even in the long term but in the medium term. All it usually does is put things off, unless she expects to boost her earnings to get out of the hole she needs to stop digging. One of the worst parts of my old job was trying to help people who'd gone that wee bit further on than she has, desperately trying to remortgage, or sometimes ending up selling up and basically homeless, because they've built up debts just trying to stay afloat while telling themselves they've got no choice. And if the housing market falls, she'll have been killing herself to put money into an equity trap and be even worse off.

I can't afford a mortgage, so I don't have one...

with no parents and rent just as dear.....she doesnt reeally have a choice

[northwind]

There's always a choice. This is exactly what I mean, it cant help but sound harsh but if you can't afford to live where you do, then you can't live where you do. She's paying £900 a month on accomodation for a one bed flat, if it's impossible to rent for less than that within a reasonable distance of her work- which is pretty unlikely tbh- then the answer is pretty obvious, go somewhere where it is. There's always a choice, even when it's a hard one. Or alternatively, she can blame the banks and keep holding onto the straw til it breaks, which if it's just as you say, it will. If you're living in an unsustainable way then just holding on isn't enough, you need to change something drastically- either make more money or cut costs, nothing else helps. And it's better to do it sooner than later.

[Gazza77]

There's always a choice. This is exactly what I mean, it cant help but sound harsh but if you can't afford to live where you do, then you can't live where you do. She's paying £900 a month on accomodation for a one bed flat, if it's impossible to rent for less than that within a reasonable distance of her work- which is pretty unlikely tbh- then the answer is pretty obvious, go somewhere where it is. There's always a choice, even when it's a hard one. Or alternatively, she can blame the banks and keep holding onto the straw til it breaks, which if it's just as you say, it will. If you're living in an unsustainable way then just holding on isn't enough, you need to change something drastically- either make more money or cut costs, nothing else helps. And it's better to do it sooner than later.

Or alternatively, rent in a houseshare. Likely to be considerably cheaper than renting alone.

[blueto]

There's always a choice. This is exactly what I mean, it cant help but sound harsh but if you can't afford to live where you do, then you can't live where you do. She's paying £900 a month on accomodation for a one bed flat, if it's impossible to rent for less than that within a reasonable distance of her work- which is pretty unlikely tbh- then the answer is pretty obvious, go somewhere where it is. There's always a choice, even when it's a hard one. Or alternatively, she can blame the banks and keep holding onto the straw til it breaks, which if it's just as you say, it will. If you're living in an unsustainable way then just holding on isn't enough, you need to change something drastically- either make more money or cut costs, nothing else helps. And it's better to do it sooner than later.

there are more underlying problems also. She would move out but her mortgage is for 5 years which menas if she leaves she has a big redemption penalty!

[northwind]

That does make things very tricky. Do you know if she's taken proper financial advice? I never used to think this was worth doing til it was my job and I discovered how much of a difference it could make to folks. Anyhoo, hope it works out for her

[G]

there are more underlying problems also. She would move out but her mortgage is for 5 years which menas if she leaves she has a big redemption penalty!

Spiraling debt with repossion on the cards,impending financial bankrupcy and inevitably end up black listed for a very long time and NEVER being able to get credit again......or a hefty redemption penantly.......which do you think is worse :rolleyes:

Northwind speaks sense

[blueto]

That does make things very tricky. Do you know if she's taken proper financial advice? I never used to think this was worth doing til it was my job and I discovered how much of a difference it could make to folks. Anyhoo, hope it works out for her

she has. I have a solicitor friend as well who ive asked to look into her mortgage advsior as i think she was misold a policy


thanks ....so do i !

[blueto]

Spiraling debt with repossion on the cards,impending financial bankrupcy and inevitably end up black listed for a very long time and NEVER being able to get credit again......or a hefty redemption penantly.......which do you think is worse :rolleyes:

Northwind speaks sense

problems is graeme, the penalty may be more than the equity in her place at the momonet which is why ive told her to try and keep hold of it untill she either gets a neutral balance or positive equity.

Like myself, the housing market was extremely expensive to get on when i brough t my first house 4 years ago. But my wages have not gone up as fast as the market leaving the choices limited