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Lower rate, higher monthly payment
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NTW
Posts: 1 Newbie
Hello
My mortgage was taken over by landmark mortgages this year from NRAM.
I have just had a letter saying the rate has dropped from 4.79% to 4.64%but my monthly payment has gone up by £95!
The small print says this may happen in certain circumstances such as missed payments.
I have arrears which are being paid off in line with a court order from 2011 and I have not missed a payment since then.
Is there anything I can do to stop this?
Any advice would be appreciated.
Thank you
My mortgage was taken over by landmark mortgages this year from NRAM.
I have just had a letter saying the rate has dropped from 4.79% to 4.64%but my monthly payment has gone up by £95!
The small print says this may happen in certain circumstances such as missed payments.
I have arrears which are being paid off in line with a court order from 2011 and I have not missed a payment since then.
Is there anything I can do to stop this?
Any advice would be appreciated.
Thank you
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