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Misold interest only mortgage

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Comments

  • worried_jim
    worried_jim Posts: 11,631 Forumite
    10,000 Posts Combo Breaker
    bertiewhite wrote: »
    Who was offering such a deal?

    Irony mate. Irony.
  • haras_nosirrah
    haras_nosirrah Posts: 2,208 Forumite
    even if the interest only mortgage were missold you would not get a free house

    sorry to burst your bubble on that one.

    Do you have the difference between the interest only and repayment mortgage figures stashed away? If so why not pay a lump sum off the mortgage and then pay the difference between the interest only and repayment mortgage into the mortgage each month?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • bertiewhite
    bertiewhite Posts: 1,904 Forumite
    1,000 Posts
    worried_jim wrote: »
    Irony mate. Irony.

    No way??? ;)
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    bertiewhite wrote: »
    Who was offering such a deal?


    C8gGshMUIAEp41Q.jpg
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    r4478 wrote: »
    left it up to us to decide how we were going to do it

    Who else was the going to make the decision? You obviously decided to proceed with the purchase.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    I agree with the points made here.
    Buying a property is the biggest purchase we make, and as such we listen to our advisors but, it's up to us to carry out our own due diligence on all matters too.
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