Miscalculated Mortgages With Santander
If you have a long-standing mortgage with Santander, it may have started its life with a different lender altogether. The Abbey National and the Alliance & Leicester both came under the Santander umbrella a few years ago, and both were struggling desperately in the wake of the economic downturn of the late 2000s.
These were both famous high street names at one time, with branches all over the UK. They flourished for many years as building societies, and when the lending boom of the 1990s came along they threw themselves into it with gusto. Unfortunately, their aging computer systems proved unable to cope with regular fluctuations in interest rates, and in the process failed to keep pace with aggressive growth.
These same under-performing computer systems also led to a great many customers overpaying their mortgage repayments due to serious and regular miscalculations. Beat the Banks have discovered a number of cases in which such errors occurred, and in recent years we have gained a great deal of insight into the best way to right these wrongs.
Make the call today and see if we can help
If you feel you may have a case, even if your mortgage has been with Santander and not the other banks for many years, we would like to have a chat with you. One call to our friendly specialists on 0800 193 1234 is all you need to start the ball rolling, it really is as simple as that. Mortgage miscalculation is a serious issue, and it’s one that may have cost you a significant sum of money.
One of the reasons for the existence of so many compensation claims now is the sheer scale of selling that occurred during the lending boom. Before the inevitable downturn came along, lenders such as Abbey National and Alliance & Leicester seemed to place an emphasis on acquiring new business ahead of making sure their computer systems were able to charge the right amounts to borrowers.
This was clearly a situation that could and should have been nipped in the bud at an early stage, but sadly it wasn’t. Anyone who, all these years later, feels that mortgage miscalculations may have resulted, should be speaking to our people today. We have helped many others to get the compensation they were entitled to, and we would be more than happy to see if you should be among them.
Just call 0800 193 1234 today and let us take things from there. We hope to hear from you soon.