Jump to content
House Price Crash Forum
@contradevian

Clydesdale And Yorkshire Mortgage Error Hits Repayments

Recommended Posts

BBC News now!

http://www.bbc.co.uk/news/uk-scotland-10710167

Thousands of Clydesdale and Yorkshire Bank customers face increased mortgage payments after a miscalculation error.

About 18,000 variable and tracker rate customers are being contacted about the changes, believed to range from less than £25 to hundreds of pounds a month.

The banks, which are both owned by National Australia Bank, said the error was "exacerbated" by last year's unprecedented falls in interest rates.

Share this post


Link to post
Share on other sites

imo this isn't a bad thing. There's nothing like a quick payment shock to focus the mind. Most of these people will now start to take paying down their mortgage a little more serious.

Share this post


Link to post
Share on other sites

Interesting situation.

If the debtors go to court, blame the bank and the bank loses, all the savers could be wiped out.

Tonight on BBC1, the home-owners who beat the bank

Tonight on Channel 4, the savers who lost their money when the bank was forced into bankrupcy by debtors who sued the bank so they wouldn't have to pay.

Share this post


Link to post
Share on other sites

Whats the big deal?

They were undercharged for a while, now theyre making up the difference.

I had a savings account with ICICI for a while, me and thousands of others got underpaid on interest for a few months with an error, so the difference was made up in subsequent months. No big deal.

If these morons had a few months savings put aside they wouldnt be worrying. Skip the holidays and pets. I have. Or is it just BBC being the 'homeowners champion' as per usual and screw everyone else?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 141 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.