Dont let Mortgage Express Con You Out Of The Full 1% Base Rate Fall

luckyfool

Usury_up_and_wear_it_out wrote: »

All mortgages should be fixed by the government at 2% = end of recession and return to stability, 2% is fair and manageable.

Based on what?

The government should force Tesco to sell me Bread at 10p a loaf, the plumber to come out and fix my boiler for £6 an hour, a lawyer to do your legal work for £15?

dwsjarcmcd

Usury_up_and_wear_it_out wrote: »

All mortgages should be fixed by the government at 2% = end of recession and return to stability, 2% is fair and manageable.

A very quick way to make all lenders go bust! No margin whatsoever.

feisty1

Usury_up_and_wear_it_out wrote: »

All mortgages should be fixed by the government at 2% = end of recession and return to stability, 2% is fair and manageable.

And I suppose yr including the GMAC/MEX self cert and adverse in this!

Kez100

When I was young my parents were on a council house list but there weren't any. They were then offered a set fixed mortgage for 25 years repayment (expired if you moved) to help these people secure a family home privately. I think it was 6% and run by the council. Don't know about deposits.

Back then I'm not sure if adverse credit really existed as if you didn't earn it you couldn't spend it!

mel19632

How would somone know if their mortgage was underwritten by GMAC or B&B/Mortgage Express - is there a definative date? Mine was taken out November 2007 and I am trying to work out what approx. mortgage payments will be when fixed rate ends (not for a while - just trying to work out for rough cash flow estimates!)

Thanks

feisty1

refer to yr paperwork at the time of obtaining the mortgage, this will tell u who u applied to

y3andy

the 2nd word of your letter "right should be spelt "write"

illgetthere

op, have you had a response to your letter? interested to know...

Signalbox

They replied but managed to write a 2 page final response without answering my initial complaint. The ombudsman service did spot that they Mortgage Express have since changed their website to say they will pass on all rate changed to their PVR effectivly making it a tracker.

mangrego

Signalbox wrote: »

They replied but managed to write a 2 page final response without answering my initial complaint. The ombudsman service did spot that they Mortgage Express have since changed their website to say they will pass on all rate changed to their PVR effectivly making it a tracker.

Hi Signalbox i have just checked my mortgage offer and it states that i am on a variable rate at the time march 07, 6.34% with a discount of 0.91% for the term of the mortgage, it dont tell me if ts a svr rate or a pvr rate, the last rate change tey only gave me 0.16% does that mean they have to give me the full rate cut last month and the full rate cut this month? I am realy confused now as i have noticed they have changed there website from stating that all Variables are tracked by about 1.5% above the base rate?
Your advice would be appreaciated

Martin any views on this one?
regards

mangrego