Skipton Building Society Miscalculated Mortgages
If you currently have a mortgage with the Skipton Building Society and have held it since 2009, our research shows that there is a significant chance your mortgage borrowing has been miscalculated – Substantially more so if you have ever slipped into arrears.
The oldest and now the fourth biggest building society in Britain, The Skipton, in common with other building society rivals, decided to shake off their stuffy but audit-driven values and instead adopt an aggressive expansion policy. This has seen some incredible own goals.
Since the turn of the century, we have seen data protection breaches, disastrous sub-prime lending via Amber Home Loans, the reneging of a standard variable rate promise to borrowers and a huge benefits and subsequent exit package paid to a former CEO. It was after all this, topped off with a £30 million “hidden” loss at Call Credit and the purchasing of a new computer system from a near bankrupt company, that the Skipton then had to bail out.
It’s little wonder that our audits have shown consistent calculation errors in mortgage lending at Skipton Building Society.
If you have had a mortgage with the Skipton since 2009 and initially borrowed more than £100k, we are currently offering a free mortgage audit. We can also look at former Skipton mortgages too, providing they were opened after 2000, the initial amount borrowed was more than £100k and the mortgage was held for more than 7 years.
For more information on how to receive our entirely free mortgage audit, please contact Beat the Banks on 01382 200474 or for free on 0800 193 1234. Or if you live locally, why not simply pop into our office with any of your mortgage paperwork and we can start the audit process immediately. Our hours are 8am-8pm weekdays, except for Fridays when we close at 6pm. On Saturdays it 10am-2pm.