want to change mortgage type but optima legal saying i cant?

[Moradin]

I've had a mortgage with the One Account, for a number of years. we got into financial difficulty a few years ago, and had it changed to interest only.

 

They recently contacted us, to say they were concerned that the capital would not be repayed before the end of the term.. (in about 8-10 years) i think.

 

their mortgage consultant, spent some time on the phone with me, and agreed it was in my interests to change to a fixed rate capital and interest . the product would have to come from Nat West, rather than the one account (same group).

 

They wrote to us, to say the mortgage was approved.

 

a few weeks later a company called Optima Legal, wrote to us to say the they could not approve the mortgage because of a 3k restriction (in my name only) - because their client had to have first say on any structure.

 

This is despite a debt of 166k on a house worth 270k - and a restriction of 3k.

 

So....

 

I have written to one account today, to advise them, that their actions of refusing to put me onto a fixed rate capital and interest loan may disadvantage me in the future, financially.

 

I also, told them, i believe the one account mortgage type was mis-sold to me.. (way back)...

 

anyone have any legal typeish thoughts on this ?

[fkofilee]

Who are Optima's Client?

[dx100uk]

if its a restriction there is no need to pay it.

and nothing optima can do about it if you do get the mortgage

who is dealing with the transfer

they should know that a restriction K cannot stop a mortgage going through

 

 

they are simply a no powers dca fake solicitor

[Moradin]

Nat west are supplying the mortgage.. Optima are their clients.

[dx100uk]

if its a restriction type K

you tell optima or NW to go ahead

there is no legal right to stop a mortgage for a restriction K.

[Ganymede]

Is this a remortgage rather than a sale/transfer of the property?

[Moradin]

yes a remortgage