Southern Pacific Mortgage Redemption Crippling Fees - Help!!

[Marian Burnip]

Me and my husband were caught up in the 2001 Foot and Mouth Epidemic. We had a business and lost everything and ended up with bad credit (pretty good before).

 

The buzzards were circling and we really had no choice other than to take a mortgage with Southern Pacific for one year until we improved our credit. We were paying way over the odds for our monthly mortgage repayments and interest only I might add. At the end of the year we were hit with a £10,000+ redemption figure from Southern Pacific. I wrote to them but they were not prepared to do anything about it. Talk about kicking you when you are down, it really sticks in my throat.

 

I have finally found the strength to tackle all the Banks, Mortgage Lenders etc. that took advantage of us at such a terrible time and wondered if anybody could offer me some advice on how to approach this mortgage redemption business. Honestly I think we would have been better off borrowing money from a loan shark

[BotB]

What was the amount of the loan?

[Marian Burnip]

Dear BoB

 

The loan amount was £115,000.00

[Marian Burnip]

This topic was closed on 09 March 2019.

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