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Can the lender request a payment due to errors after I sold a property that was on mortgage

Hi,

I recently sold a property that was under a mortgage. I requested a mortgage liability letter which was issued on 24 May.

This was settled by the buyer's mortgage lender and my mortgage clearance letter was issued on 06 June. The property sale was completed on 16 June.

My old lender has now (29 June) requested another payment to cover 'errors' that have surfaced in their account booking procedure. Can they do this?

Thanks

M. M.

Accord International Advocates and Legal Consultants

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30 Jun 2022, 10:23

Hello,

It depends if they are actual errors, if they can prove this, and what is the amount of the errors.

If you want us to look in more detail please email us.

30 Jun 2022, 10:51

Hi Mohammad,

Thanks for the prompt response. Apparently my last monthly payment was booked twice to my account manually 'by mistake'.

30 Jun 2022, 12:06

So likely it now depends on the amount. If the amount is high, the bank might chase you to refund. If the amount is low the bank might write it off.

30 Jun 2022, 12:16

Thank you.

30 Jun 2022, 14:18

I think we should see the liability and clearance letter to make sure in this

30 Jun 2022, 14:19

You can email us.

1 Jul 2022, 06:24

Ok. Thanks for your time Mohammad.

1 Jul 2022, 14:27

You are most welcome!

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