Mortgage interest errors are reported often. For most of us, a mortgage is the biggest financial commitment we undertake. Over the life of a mortgage, the amount of interest you pay is probably huge. So a mistake can cost you thousands of pounds.

Your mortgage interest is probably your largest single expense - and it is also hard to check. You can check your gas, electricity and telephone bills - but your mortgage interest?

If you are in financial difficulties you are more likely to be affected by mortgage mistakes. If your payments are late, or you are in default, the lender will often change your mortgage terms and add administration fees. Things can start to go wrong here.

We are happy to have found a company which will check mortgages cheaply, and then deal with cases on a "no win, no fee" basis to get refunds made as fast as possible.

The mortgage checking process

1. Complete a simple on line questionnaire to see if your mortgage is likely to have been overcharged. To help you before you start, the questions are summarised here.
    
2. If this "mini audit" filtering process recommends a full audit, the charge payable at that stage is £115. This is the fee for a full audit.
   
   
3. An approved solicitor will deal with your case. You are not liable for any costs, whether the case succeeds or fails.
    
   
4. You will be asked to sign an agreement for the company to reclaim your excess interest, at no cost to you.
    
   How can they do that? They claim back from the lender

• Your overcharge
   
• Plus their own expenses as case costs.

So you get back the full amount you were overcharged. You should allow at least 3 months for this.

Well worth checking

To start with, do the free on-line check to see whether your mortgage is in a category where an interest overcharge is likely. Check here for the information you will need before you start.

And please let us know how you get on.