Exchange rates....

Madness

Registered User
Messages
17
Any guidance please?

My mortgage has been deemed impacted. Standard R and C issued.......
My Argument is that exchange rates also had an impact on my outlays over the years and now when redress is issued its value is approx 20% less then what i paid sterling ..any thoughts?

Im refering to Euro and UKP.

M
 

Brendan Burgess

Founder
Messages
37,827
Your mortgage was in euro.

The redress will be in euro.

End of story, unless you had a sterling mortgage.

Brendan
 

RedOnion

Frequent Poster
Messages
3,132
What currency was the mortgage?
What currency was the redress?
What currency are your earnings in?
 

RedOnion

Frequent Poster
Messages
3,132
Well, FX has worked in your favour then?
Euro amount now converted back to GBP, is worth more than the GBP cost if the same Euro amount using an average FX rare since 2008 (i.e assuming the overcharge was made at regular intervals).
 
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