I recently opened a claim against GMAC for a very high early repayment charge I padi back in 2007.
The reason for the early payment was due to having 2 properties both (through GMAC I couldn't afford) and the crunch happened and I couldn't get a tennant.
I was a couple of months overdue with payments but GMAC bullied me into putting both houses up for sale. They were vicious and bullying. The actual ERC was higher than the last 10 mortgage payments. I paid around £12k for paying 10 months early in a 2 year contract.
I'm wondering what other cases there are similar to mine in order to properly write up a proper complaint. I reckon the £12k is winnable, I wasted £12k selling my house (cheap) from fear of repossesion.
I eventually had a tennant lined up despite being in arrears.. I feel like I was forced into a corner.
I could really use some previous case references and/or letter templates.
I have sent GMAC my initial complaint and they are distancing themselves from it saying to complain to my broker if i felt I was sold the mortgages ireesponsibly?