MAS No.5

Mortgage26 · 28 March 2011 at 4:35PM

Hi all
Yes my mortgage with MAS 5 has just gone up or will on 1st May but only to 3.56% "as a result of the quarterly LIBOR reviewt" (their words). I do not know the subtle reasons why your rates are that much higher ... perhaps it is to do with the proportion of the house MAS control! I was sold on from GMAC having been sold on previously a year earlier. It's lovely (not) knowing one is just a product and not a sentient being.

sserfaty · 28 March 2011 at 4:42PM

It's really comforting thanks )

gopher_broke · 13 April 2011 at 9:07AM

I wish my mortgage would be increased to 3.56% that would suit me. They have just April 1st increased mine to 5.25% and they tell me they are not linked to libor or the bank rate. Greedy thieves in my opinion. Gopher.

andrewmcelwee · 19 April 2011 at 5:41PM

Hi, I am an Independent Mortgage Adviser and am looking at remortgaging a new client. He has a buy to let with Verso/Mas No5.

I am trying to find out the standard variable rate so I can make sure the new product I obtain for him is better. I have looked online and phoned a few contacts but cannot find this info anywhere. I am hoping that some existing borrowers with Verso read this and know what it is please?!?

Anyone also wants some free mortgage advice, feel free to contact me [EMAIL="andrew@dgsmortgages.co.uk"]andrew@dgsmortgages.co.uk[/EMAIL]

Thanks

sserfaty · 19 April 2011 at 9:19PM

Hi Andrew,

The current SVR is 5.25%.
I would also appreciate you give me a call tomorrow if poss to talk about mortgage options.
0791 228 1531
Sacha

Pudhelen · 1 August 2011 at 10:27AM

i dont even have an account with these idiots, someone i was with 4 years ago owes them money from 3 years ago and i am getting hounded by them for his debt (Note that the debt has nothing to do with me and my name isnt even on it, moved into my house a year after before he took the debt out so no contact at the time and since)...
Dont USE this company and theyy are monkey and when you try to speak to the organ grinder they are not available.....:mad:

eaststand · 20 October 2011 at 1:08PM

hi,just seen this thread after searching for complaints about MAS NO.5.
I too have had problems with them,after getting in to financial difficulty,which if they hadnt increased their rates in the past 2 years i may have been out of.
Is anyone still pursuing their complaint or had any joy with the FO about them?

sniffercat · 1 November 2011 at 9:02PM

I can`t believe that I am not alone in this matter.
I am going to dig out my paperwork as my mortgage has risen about six times this year, the last one being this month.

will be back soon with info,

just one thing if this is five what happened to the other four???

Savvy_Consumer · 19 April 2012 at 9:37PM

Is there any further updates on the thread? I am with MASN 5 too...

Savvy_Consumer · 28 April 2012 at 10:09AM

Has anyone else - who has a mortgage with MAS no 5 - received a letter in the last few days saying their mortgage interest has increased, or am I just the lucky one?