help GMAC RFC

gpaul49

hi my mortgage is with gmac rfc thy have sent a letter taking action to get back 580 17 p that i owe on arrears i have sent this off but have missed this months payment which i can pay in two weeks

i dont have a direct debit with them so i am charged 15 pounds plus 50 pounds arears fee each month this was because i was taken to court over arrears and had to defend myself
as i was remortgaging but the brooker left me swinging EXCHANGE AND MART dont worry we halt it paid 300 pounds up front
i am also in a iva

which i have been paying since 2003 march a few misseds payment but should be up to date by summer ( £400)

presnt mortgage is 73,000

are there any no cost remortgage as dont want extra since i am in a iva which i want to finnish

thanks Paul
cuurent payment intrest only 536 plus 15 pounds and 50 pounds arrears fee

bukup

I work for a firm of solicitors and just recently we have been receiving a few mortgage offers for people in your position. The lenders are : Kensington, Edeus and Mortgages Plc. Try going direct to save proc fees (brokers fee which are added to your loan) but if you do need to use a broker, then explain to them the reason why - they are all really helpful.

homer_j_3

some of these lenders will not accept business direct from consumers.

get yourself to a whole of market fee free broker so you can explore all your options.

Leon_W

bukup

You are wrong on Proc fees (or procuration fees). They are paid to brokers when any introduced business completes. The fees are NOT added to anyone's loan and are paid by the lender directly. Whether the client uses a broker or goes direct to the lender does not make the slightest difference.

You may be confusing this with a broker fee. Some charge extra and some do not. This fee can be added to the loan or paid upfront.

As homer points out, many of these lenders WILL NOT deal with the public directly as many of them prefer this sort of client to take some advice before commiting.

Hope this helps.

gpaul49

thank you
will look into this paul