No to HMS;3% Over Higher limit, Northern Rock 'Together'

markan2828

:(Hi everyone,
I would love any members thoughts on my current dilema, and the response to it by NR.
I first took out a 'together' mortgage some 8 years ago, for a total of approx. £250,000, that was ported to my current home 3 years later, and as my current property required substantial improvements, NR made a number of further advances until the works were complete. The balance was then £435,000. (by now late 2006). As the main loan is interest only this remained the balance until recently.
I had not missed a payment, then, disaster struck as the company I was working for (20 years ) went into liquidation.
I managed to find alternative employment quite soon, but with a much lower (starting ) salary.
I have kept NR informed throughout, and as I expected my new job to develop ( it is in sales ) over the following 12/18 months to a point where I could re-comence full payments, and begin to reduce arrears, they agrreed to initialy accept 2 periods of reduced payments,-2x £600, and 3x£701.
These payments were made without prompting, and I was aghast when I contacted them to agree a new increased amount beginning with my december payment to be advised that they were instructing
solicitors, as they were unwilling to accept a steadily increasing payment and required the full amount only.
I questioned the option of the 'HMS' scheme, and was informed that I would have qualified on all counts other than the secured part of the loan was approx £410,000 as apposed to the ceiling of £400,000.
This seems harsh and unreasonable, but I would appreciate any thoughts.
Thanks and regards