Kingoftench
Registered User
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03/12/2018 we received this agreement and yes we are on full Capital and Interest
I will be as clear as I can in 14 years we have 42000 payed off of 235000 and our mortgage was split by PTSB and sold to Pepper which I accept I wasn’t clear about we are paying the full mortgage and we can’t understand when switched over it states on one of the documents above that PTSB rates should follow us going forward and in last 2 months it has gone from 4.5% to 5.75% and now to 6.5% so if we could move on from the fact and for which we are sorry bout for not been clear about the status of the mortgage any help we much appreciate.Apologies again and as I said to Brendan we are not as well versed as most on here and we honestly got down the files today for first time since we got this all changed in 2018.I'm not giving you a hard time but your posts are very confusing in spite of you being given advice on how to post more clearly. If you just want to rant then fire away and don't expect useful feedback from me or maybe others. I have better things to be doing than being reprimanded for trying to help.
I'm not giving you a hard time but your posts are very confusing in spite of you being given advice on how to post more clearly. If you just want to rant then fire away and don't expect useful feedback from me or maybe others. I have better things to be doing than being reprimanded for trying to help.
Thanks for re doing the post and apologies that I wrote it wrong there was no bad intentions meantModerator'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 welcomewe bought our house back in 2007 €235 000 Euroand 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.getting 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
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 threadsWHY 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
Thanks a million look Brendan we will probably get onto a mortgage company of some kind maybe a broker or something and try get proper help we will definitely try switch away if we can sure the lent of time it toke to get the measly statement they sent us I wouldn’t care to try to get full statements but look we will seek some professional help and thanks for everything I will keep tuned in to other thread about the interest hike it’s worrying times for us here and so many others pepper will probably not stop these hikes here.In December 2019 , you owed €219k .
You now owe €193k
So you have actually paid off €26k capital or about €8,000 a year.
Based on the incomplete information I would have thought you had only paid off capital of about €9,000 in the last three years.
But, to be honest, it's like completing a jigsaw with a lot of pieces missing.
You would need to get annual statements from Pepper for every year to track what has happened to your mortgage balance.
Brendan
03/12/2018 we received this agreement and yes we are on full Capital and Interest
we will probably get onto a mortgage company of some kind maybe a broker or something and try get proper help we will definitely try switch away if we can
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