Kingoftench
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Moderator's summary :
We got into difficulty
We had a split mortgage until 2018
Since 2018 we have been on full capital and interest
I have deleted the irrelevant stuff
Hi any advice welcome we bought our house back in 2007 €235 000 Euro and like so many on here got into difficulty and PTSB offered us a split mortgage and we did everything by the letter of the law never missed new revised payment etc but again like so many on here we got the dreaded letter that pepper was taking over the loan.
Again like so many on here we have been waying up our options and we rang pepper and they said everything is perfect and that we could switch to another lender no problem if we wanted too (and by the way that’s what we will be doing).
This is where the story gets to the grey area that I have come here to post my question.
Firstly like I have seen on other threadsgetting any form of statement etc from pepper is like pulling hens teeth it was our 6th phone call over last couple of months and in the end a written letter that toke them to send out the statement which only shows us a couple of months and the statements are actually dated to day the phone call made WHY DID THEY NOT SEND THEM?? and
what really made us both feel sick was the closing figure 193000 odd now maybe we are wrong but since 2007 with spit mortgage etc we sat down and we have an over all monthly average payment of 1000 Euro constantly for the last 14 years which equates to 168 months
now I am no mathematician but interest etc surely something is wrong with the figures simply what it all means is in 168 months we have payed a measly 42000.
When we sat and investigated further the statement conveyed to us that we payed €2195.19 in interest out of the total 3 months payments of €3297.21 and this has been obviously constant for how long we don’t know probably from the outset of the switch
And another thing imagine saying we are 15cent in arrears unbelievable also along with this statement we got an IBAN and Bic from pepper so as we can pay them what is owed and that they can take there money and ride into the sunset we think not on the month of Sundays until we get to the nuts and bolts of all this.
Find attached statement
Thanks in advance
We got into difficulty
We had a split mortgage until 2018
Since 2018 we have been on full capital and interest
I have deleted the irrelevant stuff
Again like so many on here we have been waying up our options and we rang pepper and they said everything is perfect and that we could switch to another lender no problem if we wanted too (and by the way that’s what we will be doing).
This is where the story gets to the grey area that I have come here to post my question.
Firstly like I have seen on other threads
what really made us both feel sick was the closing figure 193000 odd now maybe we are wrong but since 2007 with spit mortgage etc we sat down and we have an over all monthly average payment of 1000 Euro constantly for the last 14 years which equates to 168 months
now I am no mathematician but interest etc surely something is wrong with the figures simply what it all means is in 168 months we have payed a measly 42000.
When we sat and investigated further the statement conveyed to us that we payed €2195.19 in interest out of the total 3 months payments of €3297.21 and this has been obviously constant for how long we don’t know probably from the outset of the switch
Find attached statement
Thanks in advance
Attachments
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