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Mortgage company changed...do I have a contract with new company without my approval

lindapinda
lindapinda Posts: 11 Forumite
Part of the Furniture Combo Breaker
in Mortgages & endowments
My mortgage company has given my mortgage to the Swinton.... do I have to legally pay them as my contract is with Amber homeloans?????

Comments

  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 12 March 2021 at 12:55PM
    Yes, of course you do. Why would they buy your mortgage if you didn't have to pay them?
  • MWT
    MWT Posts: 10,984 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    lindapinda said:
    My mortgage company has given my mortgage to the Swinton.... do I have to legally pay them as my contract is with Amber homeloans?????
    The T&C you agreed to will have included the usual right to assign the mortgage agreement without your consent.
    So yes, your agreement remains in force and yes you still have to pay it to whom ever they have assigned the agreement...

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Your contract will include a clause allowing the sale of your mortgage to another party. Certainly wasn't given away. 
  • ACG
    ACG Posts: 24,981 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Why would a company buy your debt if you did not have to pay them? 
    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.
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