Received my overcharged interest payments and compensation before the weekend. My query is how do I know if I am getting the right amount of compensation or not.
Because based on this case study 3 example attached from the central bank. This person was over charged 0.5 % for 2 years and got compensated approx €2000.
My situation is
1) Amount of refund of overcharged interest: €7535.62
2) Time Value of Money: €1518.70
3) Compensation if any: €1358.15
4) Advice Payment: €400
Total: €10,812.47
Based on these numbers compared to case study 3, her mortgage would need to be 4 to 5 times more than my mortgageView attachment 5458
How much was your mortgage for?
How long were you overcharged for?
I think the example you have cited was an overcharge for a relatively short period.