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Re Start to Mars Transfer
We got our letter confirming the transfer had completed on May 31st , that letter arrived last week.
Yesterday got our closing balance from Start , everything looks normal for since the start of the year
Opening balance from 1/1/24 and normal monthly transactions , our payment then on last day of month the interest calculation is added to the balance.
However an interest addition was made for June 1st after the transfer had taken place to ADD nearly 500 euro to the balance , the normal interest balance had been done on May 31.
This looks very dodgy to me as
1 The transfer had taken place on May 31 and the normal calculation is done at the end of month.
2 As the transfer had already taken place it was not within Starts remit to charge interest after 31 May and add this to the closing balance.
Anybody else out there check their closing statements .
There was much noise when the Vultures began hiking their rates but it seems apathy has set in.
We have a complaint with FSPO as Start moved us off our very specific Loan To Value Managed Variable Rate and this is in the final stages of investigation .
It would be good to hear that others have also complained.
We got our letter confirming the transfer had completed on May 31st , that letter arrived last week.
Yesterday got our closing balance from Start , everything looks normal for since the start of the year
Opening balance from 1/1/24 and normal monthly transactions , our payment then on last day of month the interest calculation is added to the balance.
However an interest addition was made for June 1st after the transfer had taken place to ADD nearly 500 euro to the balance , the normal interest balance had been done on May 31.
This looks very dodgy to me as
1 The transfer had taken place on May 31 and the normal calculation is done at the end of month.
2 As the transfer had already taken place it was not within Starts remit to charge interest after 31 May and add this to the closing balance.
Anybody else out there check their closing statements .
There was much noise when the Vultures began hiking their rates but it seems apathy has set in.
We have a complaint with FSPO as Start moved us off our very specific Loan To Value Managed Variable Rate and this is in the final stages of investigation .
It would be good to hear that others have also complained.
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