Bill Gates
Registered User
- Messages
- 3
This is a little involved but I'll (try to) be brief.
- I took out a tracker mortgage with Haven mortgages.
- I switched to a 2 year fixed rate (yes, I know!)
- When the 2 year period ended I requested (in writing) to be moved back to a tracker.
- This was declined and I was moved to a variable rate.
And I thought that was the end of it and cursed by idiocy!
- About 18 months ago I got a letter and a cheque (c€20k). Haven had reviewed the account and decided that they erred in turning down the tracker request.
- That letter included a repayment amount of c€400 a month going forward (on a mortgage of €350k).
- I rang and asked whether that repayment amount was correct and if so, for how long. I was that that it was and that was my repayment amount going forward (subject to changes in the base rate).
I accepted that and was chuffed (if somewhat confused). I've now applied for a credit card from my bank and they asked whether I was on interest-only. I said that I wasn't, at least to my knowledge, but they requested that in writing from Haven.
Today, after eventually getting a call back from Haven, I was told that I was in-fact paying interest-only. They didn't have any more details except to say that they are "investigating" and will be in touch.
Anyone know if I have any rights here? Should I get a solicitor involved? I'm worried that they'll try to force me into an aggressive over-payment schedule in an effort to bring the mortgage to the point where it should be.
- I took out a tracker mortgage with Haven mortgages.
- I switched to a 2 year fixed rate (yes, I know!)
- When the 2 year period ended I requested (in writing) to be moved back to a tracker.
- This was declined and I was moved to a variable rate.
And I thought that was the end of it and cursed by idiocy!
- About 18 months ago I got a letter and a cheque (c€20k). Haven had reviewed the account and decided that they erred in turning down the tracker request.
- That letter included a repayment amount of c€400 a month going forward (on a mortgage of €350k).
- I rang and asked whether that repayment amount was correct and if so, for how long. I was that that it was and that was my repayment amount going forward (subject to changes in the base rate).
I accepted that and was chuffed (if somewhat confused). I've now applied for a credit card from my bank and they asked whether I was on interest-only. I said that I wasn't, at least to my knowledge, but they requested that in writing from Haven.
Today, after eventually getting a call back from Haven, I was told that I was in-fact paying interest-only. They didn't have any more details except to say that they are "investigating" and will be in touch.
Anyone know if I have any rights here? Should I get a solicitor involved? I'm worried that they'll try to force me into an aggressive over-payment schedule in an effort to bring the mortgage to the point where it should be.