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Accord Mortgages - Being Charged More Than SVR

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I wonder if anyone has a view on this please?



I took out a sub-prime mortgage with Accord a few years back as I was paid commission and had a poor credit record.



After I came off the fixed rate it was supposed to revert to the standard variable rate, which it did, and I found it increasingly difficult to meet the repayments and got into arrears. With brilliant help from this site I have managed to get back on track but only by switching to interest only as I pay a massive 7.75% interest.



This has always seemed hideously high - it has gone up at least twice since base rate has been 0.5% and something caught my eye today about unfair practice by lenders.



Accord's current standard variable rate is 5.99% yet I am being charged 7.75%. Are they able to do this?



Obviously I have a poor record with them because I have had arrears but it seems wrong that having accepted me as a borrower they can, apparently, charge me anything they like!



Does anyone have any idea if they are treating me fairly in this matter.




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