We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Lower rate, higher monthly payment
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
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards