Mortgage Advice

storm62

Hi everyone , i need advice i remortgaged with a broker in 2006 the broker i had used since first buying my house in 2002, anyway to cut a long story short it has come to light that he put down my date of birth in 2006 as 5/5/1985 but in fact my date of birth is 5/5/1962, i was on a intrest only mortgage in 2006 with the abby who is now santander, so in 2007 i changed it to repayment which was taken over 35years anyway i have been trying to remortgage and i cannot because of my age now. I had to go into the bank to take my driving license so they could change my date of birth and i asked the mortgage advisor if i had been misold the motrgage and she said we dont want to open a can of worms i asked her if she could tell me when the date of birth 1985 had been given was it by the broker in 2006 or was it when i went on to repayment in 2007, she said she could not it would have to be sent off for and yet yesterday i had to go into the branch and one of the staff who i asked said it was on on the start of your mortgage in 2006, i know its a bit complicated but any advise would be grateful thanks.

opinions4u

Are you trying to win an award for the longest sentence?

By signing the application form you are agreeing that the information on it is correct. If the wrong date of birth allowed you to access a mortgage facility that you wouldn't otherwise have got you are either a party to fraud or a party to error.

i asked the mortgage advisor if i had been misold the motrgage and she said we dont want to open a can of worms

I don't see how you would gain from pursuing it.

ACG

What are you wanting advice on?

storm62

Hi thanks for getting back to me it was a error on my part i should have checked but on all the insurances what came with the mortgage which the advisor did had got my right date of birth on and i supplied my passport to the adviser who did my mortgage for us

kingstreet

As you selected interest-only at the outset, it mattered not whether you chose a five year term, or the thirty-five years you mention. The payments would have been the same.

The point it started to matter was when you changed to capital & interest in 2007, just one year later. At that time, the residual term of the mortgage would have been noticeable as it would have kept the payments lower than they otherwise would have been.

What does the adviser's suitability report say about your choice of interest only and the term of the mortgage?