A few years ago we took out a bridging loan with Lancashire Mortgage Corporation/now Together.
In the documents sent to us was an "Offer Letter" which confirmed the amount to be borrowed ,rates of interest etc but NO mention of any renewal fees of 5% of the total loan.
In fact in the letter it states "Exit Fee-£0".
It was however mentioned in the Bridging Loan Agreement and this was missed by us, solicitors and broker (allegedly) !!!!
We are taking legal action against the solicitors and broker but this company Together are completely out of control with their charges and it has cost us a very large 6 figure sum.
We have placed numerous complaints to their Internal Complaints team but each time they hide behind the fact that the loan was not a regulated product.
Has anyone else suffered as a consequence of this dreadful company ???