 Birmingham Midshires Mortgage Arrears
Not desperate yet but wanted some advice.
We have a mortgage with BM. I am currently on long term sick and have been for 16 months. The DSS pay £533 per month on my mortgage. There is a shortfall of £277 per month. This has risen as our fixed rate deal expired.
Right, we received a letter to say we were £1300 in arrears. They were very good when I phoned and said to keep paying £277 and they would be happy.
I asked to go on an Interest mortgage only as the arrears would always be there and I was unhappy with having the threat, though they said they wouldnt, of having my home repossesed if things went wrong
They said they could not change the loan to interest only because, now get this, the DSS pay my interest. What relevance this has I am perplexed about.
If we went Interst only, I would have to pay £33 per month to match the payment and in 6 months the arrears would be gone which would be excellent.
Can I complain that they wont allow me to go Interest only as it doesnt seem as if they are heloing me.
Thanks
__________________
Whatever I post is my opinion and should be taken as such, an opinion. While it is what I believe and is offered in good faith, it should not be taken as a statement of truth
| 
