Mortgages PLC & Rooftop Mortgages

Sperry2019

Hi have received a letter today from MPLC regarding the "sale" of our mortgage to Rooftop Mortgages, letter dated 7th sale goes ahead on 12th (5 days). Have called MPLC cant give me any update as to why the account has been sold just its in the terms and conditions that it can be sold.
Have googled Rooftop and am worried about their tactics and procedures.

For example : I have always done my own home insurance since conception of mortgage, MPLC charge me an annual fee of £40.00 for not having their insuances. This I accept and the charge has always been added to the balance outstanding.

Also in 2007 we had some mortgage arrears and was nearly repossed. We had a suspended repo order and balance was paid off but again charges were added to balance. Since then we have had some arrears and some charges which again were added to balance.

I am currently £458 in arrears with a payment plan in place with MPLC (before its sold)

The scare stories I have heard is that Rooftop strip out any charges over the lifetime of the mortgage (pre sale) and add them seperately and pursue you for them as arrears quite visciously. For a start there will be 15 years worth of £40.00 and the umteenth £50.00 we ahve been charged.

Does anyone know how Rooftop operate in 2019 and how they have approached arrears on sale?

Also, I have read some stories about them hiking up the interest rate as well.

Please can someone offer me any guidance?

Lyndsay26

I’ve also received this letter too. I just presumed they were changing company but now worried.