We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Lenders slashing borrowers' mortgage debt by thousands
Comments
-
munnyfinder wrote: »I have a mortgage with GE money, (British mortgages abroad), which like sammy_lou is fixed at present, but due to be variable ( BOE rate +3%) at the end of 2 years in September. Does anyone know if GE is part of GMAC, and if this may apply to my mortgage? It's more difficult to find anything else in the USA at present due to their market and lending conditions as we are not resident there.
GE and GMAC are completely different lenders. As GE are "trading" there is no way they would reduce the loan size. GMAC however sold some of their book to Topaz finance and they have been known to want to offload their book at a reduced amount.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards