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The mortgage works
buzz41
Posts: 58 Forumite
i am a former boi mortgage customer whos mortgage
was tranfered to the mortgage works, as i was on a fixed rate
for 5 years with the bank of ireland and honoured by mw this comes to a end at the end of the month. i have recieved two letters to say my mortgage will go onto there special rate for boi customers and means my mortgage will go down however
the other letter says for my july payment will go up from my current payments by almost 80 pound then go down to the amount stated on 1st letter. now i have rang them to find out why to be told there is a reason but the guy on the end of the line did not no what it was. they are supposed to ring me back
but have yet to get that call. so guess my question is is it normal when coming off a fixed rate and the rates quoted are a lot less than the fixed rate to pay more for one payment then
less or are they ripping me off.
so its a bit long winded but hope you all understand what i have written.
was tranfered to the mortgage works, as i was on a fixed rate
for 5 years with the bank of ireland and honoured by mw this comes to a end at the end of the month. i have recieved two letters to say my mortgage will go onto there special rate for boi customers and means my mortgage will go down however
the other letter says for my july payment will go up from my current payments by almost 80 pound then go down to the amount stated on 1st letter. now i have rang them to find out why to be told there is a reason but the guy on the end of the line did not no what it was. they are supposed to ring me back
but have yet to get that call. so guess my question is is it normal when coming off a fixed rate and the rates quoted are a lot less than the fixed rate to pay more for one payment then
less or are they ripping me off.
so its a bit long winded but hope you all understand what i have written.
0
Comments
-
Might they be changing dates around, so that the first 'month' on the new rate might be a few days longerIANAL etc.0
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yes spoke to them gave me some waffle about intrest rates
and how they calculate them but still not sure why i should pay more and really even if i can afford to0
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