Jump to content


variable interest rate on mortgage arrears


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4308 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

I've come across this today ...

 

I paid a lump sum of £2,000 a few weeks ago towards my mortgage arrears. However, the interest on arrears is more this month than last month, even though they're now £2,000 less. I enquired about this and was told that arrears are on a variable interest rate which changes, capital is on the normal rate, so I'll have to call every month if I want to know how much to pay. This is the first time I've heard of this and thought the whole balance, capital and arrears, was on the same interest rate which i'm informed of when it changes. I've never been told that arrears attract a variable interest rate.

 

Can anyone shed any light on this?

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...