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mortgage advice needed

big_daddy · 2012-06-17 14:40:32

Hi Money saving expert forum, I was sold a mortgage in 2006 by an independent mortgage broker which I was told was interest only. Now that I've had it for 5 years it turns out that it was a low start mortgage turning to re-payment after 5 years (even though I have illustrations from the mortgage broker which state interest…

Comments

kingstreet Posts: 39,349 Forumite

18 June 2012 at 10:17AM

I wasn't suggesting you weren't telling the truth. I simply asked for details to check how the scheme in question worked, as I hadn't come across anything similar.

The fact you are Northern Ireland explains much. It's certainly why no-one has come up with an answer for you on here yet. The products and lenders are different to what's available on the mainland. We need a NI broker to give us some insight into this scheme.

I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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