Saltandpepper!
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Hi, currently have a split / warehoused mortgage with Pepper (exPTSB) - they currently come looking for a SFS to be filled in every 12 months - they say their terms allow for a periodic review and they deem this to be every 12 months.
Currently in disagreement on this point as I have a 3 year review period in my original Warehouse agreement from PTSB.
My questions are -
1 - is filling out a SFS deemed the only way for a mortgage provider to do 'periodic review'? I have engaged with Pepper each time they've sent out a SFS via phone and advised them that I am able and happy to make the current agreed payments but that I will only fill out a SFS at max every 3 years as per my original agreement.
Once I declare I am financially able to meet agreed payments is that sufficient or can they claim I am not engaging with them by not filling out a SFS?
2- If/when I fill out a SFS, if Pepper deem I can afford to increase my payments or transfer over some of the Warehoused portion can they do it without agreement from me?
Does anyone have experience of this?
Once I'm making my payments can I decide to see out the mortgage on the current terms and clear the warehoused portion at the end of the mortgage term? It's 0% interest so doesn't seem to make financial sense to move it over?
We have no intention of moving house etc in the next 20 years so we are happy to leave warehouse portion as is.
Unfortunately I didn't play County hurling
Thanks
Currently in disagreement on this point as I have a 3 year review period in my original Warehouse agreement from PTSB.
My questions are -
1 - is filling out a SFS deemed the only way for a mortgage provider to do 'periodic review'? I have engaged with Pepper each time they've sent out a SFS via phone and advised them that I am able and happy to make the current agreed payments but that I will only fill out a SFS at max every 3 years as per my original agreement.
Once I declare I am financially able to meet agreed payments is that sufficient or can they claim I am not engaging with them by not filling out a SFS?
2- If/when I fill out a SFS, if Pepper deem I can afford to increase my payments or transfer over some of the Warehoused portion can they do it without agreement from me?
Does anyone have experience of this?
Once I'm making my payments can I decide to see out the mortgage on the current terms and clear the warehoused portion at the end of the mortgage term? It's 0% interest so doesn't seem to make financial sense to move it over?
We have no intention of moving house etc in the next 20 years so we are happy to leave warehouse portion as is.
Unfortunately I didn't play County hurling
Thanks