Hi Kine
Do you own any other residence? If not, it is still your PPR under the MARP.
They are obliged to deal with you under the MARP, but they are not obliged to give you a deal.
Brendan
when my current deals rolls off, if I simply start repaying the full amount due monthly under my mortgage, I presume there's nothing they can do
However, if they did not capitalise the arrears, then they could demand that the arrears be cleared.
Also, if you have a non-tracker mortgage, they can raise the rate to whatever they like. That is part of the reason we are campaigning to give the CB the right to control mortgage rates.
Brendan
IHi Brendan,
Just received a letter from UB saying my mortgage has been sold to Cerberus.
Interesting, as I definitely don't fit the criteria outlined above. There are some arrears from several years ago, but the alternative arrangements plan agreed in 2014 has been adhered to ever since with no missed payments etc (it took 4 years to get UB engaged properly to agree a plan, would have had an alternative plan agreed long before 2014 had they been a bit more proactive!)
I was never involved in court so I'm far from the stressed cases UB outlined above. For clarity, my PPR is now a BTL as I don't live there anymore, but still a little shocked my loan has been transferred.
Kine
I am also astonished to learn my mortgages have been sold as I have been engaging with UB for 3years now and I've kept to the alternative arrangement. The was no arrears on one of them. Arrears on two so I don't fit the criteria either.Hi Brendan,
Just received a letter from UB saying my mortgage has been sold to Cerberus.
Interesting, as I definitely don't fit the criteria outlined above. There are some arrears from several years ago, but the alternative arrangements plan agreed in 2014 has been adhered to ever since with no missed payments etc (it took 4 years to get UB engaged properly to agree a plan, would have had an alternative plan agreed long before 2014 had they been a bit more proactive!)
I was never involved in court so I'm far from the stressed cases UB outlined above. For clarity, my PPR is now a BTL as I don't live there anymore, but still a little shocked my loan has been transferred.
Kine
Anyone have any ideas on what to do if my Bank has not yet replied to my Freedom of Info request and I'm now outside the 40 days (even though they tried to convince me I couldn't add!)
Do I send them another registered letter? Or do I just send one straight to the Data Protection commissioner?
Based info on this link..... [broken link removed]
No idea what address is the best one for the Data Comiss!
Sigh, I hate banks
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