Hi there,
I have recently sold a property which was mortgaged on the well known Together product.
I financial advisor advised that I delink and retain the surplus as a deposit towards the purchase of a new property
(currently renting at present due to relocation).
The apr on the unsecured element has jumped to over 12%.
While this was not unexpected, this is a huge amount,
and with the remaining term of 25 years,
I will be paying in excess of £100k on an original £30k unsecured element.
To me, there must be a case of mis-selling here.
I know there ha