Hi just wanted to start a post and spread the word on a possible mis selling on a huge scale by the woolwich.In 2001 we bought our house and got advise through the estate agent broker we put down £51,500 deposit and needed a £96,000 repayment mortgage we knew what we wanted and signed the mortgage offer and that was that untill i checked our balance and found that a £22,000 overdraft facility was attached to our mortgage this was a huge shock and i complained in branch and demanded the reserve be removed but this was not possible so had to live with it but then things started to go wrong with the account money for mortgage was taken to pay reserve so missed payments and i hold my hands up after 6 or 8 months we caved and used the great big £22,000 carrot that had been held and waved in our faces. now jump to presant day i found all my original documents in the basement this month and thought id look into the mis selling of the mortgage as i belive when we indicated the large deposit we wanted to put down that we were sold a mortgage that was not right or suitable for us and i have since found out that the product was very new and corners were cut in selling them barclays/woolwich have bumped me straight away saying they dont have any paperwork but unlucky for them i have every scrap of paper from the quote to the mortgage offer and the there is no mention of the actual mortgage that i ended up with so today ive sent the whole lot to the ombudsman and will update this thread as soon as i hear also i wish to say that this is not some blind punt at getting a claim over 3 million of these mortgages were sold and attaching large amounts of money to customers mortgages with out there knowledge or consent is plain wrong if my wife and i had been offered £1000 attached to our home we would have declined as we wanted as low a mortgage as possible hence the £51,500 deposit we could have just put less down if that were the case.anyway im sure im not the only one with a bad mortgage product.
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