Sell or let your house privately online
Houseladder.co.uk
 
News Categories
News Archives
100s of Tips To Help You Save £1000s.
Essential Reading For ALL Buyers, Sellers & Landlords!
Claim Your FREE Ebook worth £47 NOW >>>
Find Out More >


Property News - Thousands of mortgage holders overcharged admits BoS

Thousands of mortgage holders overcharged admits BoS

Posted: 23 Oct 2006 11:34:33 GMT

Thousands of Bank of Scotland mortgage holders have found their bank accounts cleared out after the company accidentally charged multiple mortgage payments


Thousands of Bank of Scotland mortgage holders have found their bank accounts cleared out after the company accidentally charged multiple mortgage payments.

Around 7,000 customers had up to three mortgage payments subtracted over consecutive days last week, with the bank blaming a technical error.

Those with insufficient funds in their accounts to cover the charges have had the problem compounded by steep penalty charges for unauthorised borrowing.

Bank of Scotland said that it had begun trying to reach affected customers by phone and would be mailing out warnings to arrive this week.

It also pledged to refund all extra payments taken over the course of this weekend but has not yet confirmed that all money has been returned.

"A technical error occurred, which was spotted," a bank spokesman told the Times. "Unfortunately, a number of customers were charged payment more than once.

"We are working flat out to deal with the problem, which should be rectified in the next few days. We ask customers to accept our apologies."

© Houseladder Ltd




MOST POPULAR

FREE Property Advert
Selling or Letting? List Your Property FREE Now!

FREE eBook worth £47
How To Sell Or Let FASTER and Save £1000s

FREE House Prices
How much did next door sell for. Plus are prices going UP or Down in Your Town

MOST POPULAR

FREE Property Advert
Selling or Letting? List Your Property FREE Now!

FREE eBook worth £47
How To Sell Or Let FASTER and Save £1000s!

FREE House Prices
How much did next door sell for? Plus are prices going UP or Down in Your Town!

Mortgage Help
Free Quote & Advice.
Remortgages, Adverse, CCJ, Equity Release.

Home Insurance
Compare Buildings and Contents Insurance. Get a Quote Now!

Home Information Packs
Now law for all new properties to market. Do You Need A HIP?

Conveyancing
Get a Quote and Save £100s.

Tenancy Agreement
Get Your Tenancy Agreement Here.

Tax Guides
How To Avoid Property Tax and Save £1000s