Jump to content


Mortgage Express added 1.25% to my rate


nathal
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 6524 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

i had a mortgage with Mortgage Express at a good rate but when i went into arrears, they were going to repossess and begun the task of takin me to court. Because i had fell into arrears the mortgage company upped my interest rate by 1.25%. This was in the mortgage terms and agreements but because of this raise of interest i obviosly paid more. Can the mortgage company justify this rise in interest rate. Can this interest rate be classed as a penalty for getting into arrears as i cannot see it being a service.

can anyone advise me please

thanks

-----------------------------------------------

Mortgage Express charges- settled in full after issuing claim

 

------------------------------------------------

To view the FAQ'S click here: http://www.consumeractiongroup.co.uk/forum/faqs-please-read-these/

To view the PRELIM letter click here: http://www.consumeractiongroup.co.uk/forum/bank-templates-library/516-1-data-protection-act.html

To view the Letter Before Action click here: http://www.consumeractiongroup.co.uk/forum/bank-templates-library/92-3-letter-before-action.html

To find Registered Address:

http://www.esd.informationcommissioner.gov.uk/esd/search.asp

 

 

If my advise helps click here http://www.consumeractiongroup.co.uk/forum/reputation.php?p=366404

Link to post
Share on other sites

As of yet there seems to be no definitive answers on mortgages. However, as the interest rate hike is as a direct result of your breach of contract in failing to meet the agreed payment dates, it can certainly be seen as a penalty for breach and theoretically recoverable.

Link to post
Share on other sites

i appreciate the feedback as i do not see any other info in previous threads.

-----------------------------------------------

Mortgage Express charges- settled in full after issuing claim

 

------------------------------------------------

To view the FAQ'S click here: http://www.consumeractiongroup.co.uk/forum/faqs-please-read-these/

To view the PRELIM letter click here: http://www.consumeractiongroup.co.uk/forum/bank-templates-library/516-1-data-protection-act.html

To view the Letter Before Action click here: http://www.consumeractiongroup.co.uk/forum/bank-templates-library/92-3-letter-before-action.html

To find Registered Address:

http://www.esd.informationcommissioner.gov.uk/esd/search.asp

 

 

If my advise helps click here http://www.consumeractiongroup.co.uk/forum/reputation.php?p=366404

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...