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Knock on effects from the corona mortgage freeze
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You will not find any mortgage company that allows you to change product when you have mortgage arrears on your account.Traybee70 said:It's not right that the same company cannot allow you to at least change mortgage to help financially. It's still with the same mortgage company I feel its almost like they WANT you to be always in arrears or worse still waiting to repossess my house! . It's not my fault the interest rate had gone out of my control to make the banks richer! :'(
They do not want you to be in arrears. They want you to make your repayments as you agreed to do at the time that you had taken out the mortgage product.
They agreed for you to take a payment holiday. But it should have been made clear at the time that you took out this payment holiday that you would still be liable for the monies owed.
It isn't your fault that interest rates have risen, but equally it isn't Kensington's fault that you have in effect not paid the money that you agreed to pay them when you took out the mortgage.1
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