‘Mortgage prisoners’ legal claim bid

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Matthew Patching, Senior Associate at Harcus Parker, said that even people who never went into mortgage arrears or who fully paid off their mortgage may have been affected by the interest rates.
Matthew Patching, Senior Associate at Harcus Parker, said that even people who never went into mortgage arrears or who fully paid off their mortgage may have been affected by the interest rates.

So called ‘mortgage prisoners’ who were allegedly trapped into excessively high interest rates after the collapse of the Northern Rock could join a legal battle to win back some of their money.

Northern Rock collapsed in 2008 affecting mortgages taken out by thousands of people. Now, a small number are planning a legal case against mortgage provider Whistletree, hoping to win back interest paid on their mortgages.

According to law firm Harcus Parker, there is a chance that some of these people, who moved on to a Whistletree mortgage after the collapse, may be entitled to money back. The law firm claims that Whistletree mortgages were charged a much larger standard variable rate than other borrowers.

Harcus Parker will act on a no-win, no-fee basis, and will pay any third-party costs necessary to progress the claims to trial.

Whistletree became part of the TSB group in 2016. TSB says it will robustly defend any potential action, adding that it is committed to treating customers fairly, having created product transfer options for anyone who did not have them when they took over.

According to lawyers Harcus Parker people who took out a mortgage with Northern Rock, which was or is currently serviced by Whistletree, could be entitled to join the legal action by registering at www.whistletreeclaims.com

Matthew Patching, Senior Associate at Harcus Parker, said that even people who never went into mortgage arrears or who fully paid off their mortgage may have been affected by the interest rates.

Harcus Parker will act on a no-win, no-fee basis, and will pay any third-party costs necessary to progress the claims to trial.

Visit www.whistletreeclaims.com to find out more about the proposed action.