Old mortgage details

kimdunja

Hello all!

As I have posted elsewhere on this fantastic forum, my dad has recently asked me to take control of his finances. After sorting utilities, tax and pensions, I have moved on to the biggie - his mortgage. But there's a problem!

Dad bought his flat in 1998 for £30k. He put a £10k deposit down, thus required a £20k mortgage approx.

He moved to his current lender (Bank of Ireland) in December 2007, where he also took and extra £5k remortgage. He thus has two accounts, one for the capital, one for the remortgage.

Between 1998 and August 2008, dad paid - as far as he understands - a full repayment mortgage. He switched to interest only at my insistence as he was out of work. However, according to Bank of Ireland, when he joined them (via a broker), the accounts were as following:

Capital: £22.2k
Remortgage: £3.4k

Given his capital seems to have grown rather than shrunk in the period 1998-2007, there is an anomaly. I want to trace dad's account back to the time he bought the property to confirm the current balance is correct / see what has gone wrong. Dad thinks he was with Halifax then Abbey, but has no documentation to say this...

Any advice on what we can do?

Cannon_Fodder

Ask the broker?

silvercar

Get the back statements from Bank of Ireland, that should tell you the amount that the loan was at the start. It may tell you the previous lender, but more likely that will be with the conveyancer. Is there a chance that the charge by the previous lender would be recorded on the deeds? If so, £4 to the land registry site and you can download the deeds.