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Foolishly

Did YB breach their owm T&Cs of my mortgage

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I had  a 5yr fixed rate mortgage with Norwich & Peterborough before they merged YB.

I was to pay £585.27 Per month for 60 months fixed @ 5.85%.

 

first year ok,  

for the following three years as their SVR increased so did my mortgage; £589 1st increase 2nd increase £595, 3rd increase £599.

Along with the increases I was also charged late fees etc. from 2008 onwards.

 

I did receive a letter due to the enquiry into their fees but that only refunded from 2009,

where I had been incorrectly charged after one month in 2008,

plus the charges wern’t consistent with the £25 they allege to charge sometimes i was charges £32.50.


I know the increases are not considerable however with them increasing the mortgage due to their SVR increases did they 
1.    breach the terms & conditions of the mortgage contract.
2.    switched my mortgage to a SVR.

 

Any ideas appreciated.
 

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A fixed rate mortgage does not change due to SVR changes. It sounds like you were not on a fixed rate?

 

do you still have the paperwork you signed to set it up?

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Yes I have everything in relation to the mortgage 

It was a fixed rate 5yr mortgage taken out end of 2007

 

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I will scan up some documents, if anyone could please check over them for me and let me know if my assumptions are correct.

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I will scan up some documents, if anyone could please check over them for me and let me know if my assumptions are correct.

NPBS-Y_BANK.pdf

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Do you think my mortgage was altered incorrectly as it was a 5 yr fixed rate,?

 

My reasons for asking is simply I no longer have the property, it was in fact repossessed in march 2012 by YB.

At the time I gave up fighting them as my mental health wasnt the best due to post natal drepression hence I had to resign from my employment. But its always been bugging at me to get advice.

 

the added charges plus interest with the inflated amounts, plus adding their insurance  plus interest gave an overall inflated (regardless of amount) end arrears figure to the court. The final balance given to the court was grossly overstated by them anyway as they gave the full redemption amount in their figures and it was in fact ending sept 2012 so only had 6 mths left ,

 

this all looked as though the property had negative equity, (it never as i already had 9,000 discount applied wen I purchased property) and I was scolded by the judge for my lack of responsibility, however having not been allowed to speak and address the hearing in the first instance, I just sat lowered my head and cried, my self esteem was already at a low but for a complete stranger to attack me that did tip me completely over edge.

 

They sold property 4mths later for £34,000 less than property originally valued in 2007 and I had added to the value since purchasing with loft etc.

 

They sent me the final charges, wow how they lie, £8,000 added for various things they allege, over  £2000.00 ground rent & service charges - on what!

You dont get to see any valuations etc, all charges added did not match what their current charges at that time stated.

 

Their starting figures on the mortgage didnt reflect what they claimed in court and the mortgage redemption amount only £1600 3 months after they had passed off the full figure to court.

 

i wrote to the solicitor to dispute, question and query the £41,000 shortfall, they never replied,

I received letters from YB chasibg debt, I ignored them.

 

Then after they had sent me the letter regarding refunding charges in 2017 (it reduced their debt) 

I received one letter stating the new shortfall amount then nothing for 2 yrs.

 

It makes me more determined to find out more.  

They have 12 yrs I believe to reclaim the debt from me, but what if??

 

They are quiet as they stumbled across their mistakes and realised their breaches in the mortgage, while checking my account to refund the incorrect and erratic different amounts month by month (25.00 sometimes 32.50 which isnt even stated as an amount) charges and are hoping I havnt a clue so I dont start questioning things?

 

Could it be possible I was wronged by them and if so, wouldn't I be entitled to some form of compensation or at most good will.

 

Any thoughts?

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