Jump to content


~~~**IMPORTANT** Mortgage Claimants ~ PLEASE READ ~~


zootscoot
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4814 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hi Matt - the reason there is a difference in the two circumstances you set out in your conversation with zooman is that they ARE totally different and encapsulate the reason why the rules on penalties apply to bank charges and not to ERCs.

 

The bank charge arises because of a breach of the contract - the bank's t&cs will require that you keep your account within any agreed limit or in credit if you have no o/d agreed. This is a mandatory requirement of the contract and failure to adhere to it is a breach.

 

With ERCs there is no breach of contract. The borrower has a specific contractual right to terminate early. The rules on penalty charges do not apply unless there is a breach of contract - that is the basis upon which Jamorgan lost her claim.

  • Haha 1
Link to post
Share on other sites

  • Replies 300
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4814 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Guest
This topic is now closed to further replies.
  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...