Hi Phil, I can't see where you state the reasons for your original claim. Is it cause you think the ERC is a penalty - or was the term considered unfair in your particular cicumstances?

Ok I am very new here - today - but what has happend when claimnats have gone to the Financial Ombudsman? Why not try this risk free route rather than straight to court? Has the FO issued rulings in the past ? Thanks I am considering a claim based on NatWest's calculation of the ERC. They are using THEIR current (dec 5.19%) 2 year fixed rate offer to base their calc against the rate in my fixed rate deal. For when I redeemed my mortgage in Dec . I see this rate as a simple loss leader to get new customers - not the true costs and they also have a £499 product fee which is a way of keeping the rate artificially low. Thoughts please

Just wandering if there has been any discussion on the Interest Rate comparator used by the banks in particular Natwest and the RBS when calculating an ERC.