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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31300
Experience:  Over 5 years in practice
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A bank in Cyprus has offered me compensation (thorough a

Customer Question

A bank in Cyprus has offered me compensation (thorough a third party) on a Swiss currency mortgage loan (due to miss-selling). The bank has 2 offers on the table: 1. a larger reduction in the amount owing if I pay off the mortgage in full, and 2. A smaller reduction if I continue with the loan. However the latter will leave me with approximately £14K more than the original loan amount i.e a negative equity of £14k created by the bank. Can they do this to those who can't pay off the mortgage in full?

Submitted: 2 years ago.
Category: Law
Expert:  Nicola-mod replied 2 years ago.
Hello,
I've been working hard to find a Professional to assist you with your question, but sometimes finding the right Professional can take a little longer than expected.
I wonder whether you're ok with continuing to wait for an answer. If you are, please let me know and I will continue my search. If not, feel free to let me know and I will cancel this question for you.
Thank you!
Nicola
Customer: replied 2 years ago.

As you haven't been able to find and expert, I would like the question cancelled and a refund of £38 to my credit card.

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