TMB Buy to let Mortgage Credit Agreement is wrong, can I celebrate?

[Canoeless]

Hello All,

 

I've just got a bit excited on going through my Buy to let property file and was hoping that someone on here could either tell me if I've got something to be excited about, or, pop my bubble before I make a fool of myself!

 

When I purchased the property, they sent me out a Credit Agreement regulated by the CCA 1974 secured on said property.

 

It then goes on to outline The capital sum involved and the interest payable and when it's payable at a variable rate of 6.3% per annum over 20 years. It then states:

 

"The total charge for credit is £113.50. This is made up of interest"

 

It should read £113,500

 

As this is a legal document, could I insist that I should only pay £113.50 over the 20 years i.e 50p per month and reclaim all the money that I've paid them in the last 5 years, or will it be viewed as an acceptable error?

 

Please someone help!

[alibongo9]

Looks like you celebrate. Total charge for credit is misstated. It is a prescribed term. Tell me more about your agreement. Dates etc. Looks en enforceable