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NRAM mortgage arrears...


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Hi All,

 

NRAM is now a DCA, and their ONLY concern is getting money from you! But they do have something called LOAN MODIFICATION, where you are charged 2% interest, not the exorbitant 4.79%. I managed to get this for 1 year because of arrears and lowered income, but they took 5 months from telling me that I had been accepted, to applying it, and although I was paying an agreed lower monthly amount for those five months, my arrears increased by aprox. £1500 ! What I didn't do, was to chase them up daily, but each time I phoned, they told me " ah yes, it will go to a manager this week " so watch out for that.

 

To get the 'Mortgage Concession Arrangement' you would need to contact the 'Customer Assistance Team', the number I have from 2010, is 0845 600 3682. and you will need to supply income/expenditure.

 

Hope this might be of some help? Tom

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