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Morgage Interest

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Does anyone know about extra interest the mortgage company’s come up with?


A few facts about our situation. In November 2005, we went to court for repossession by the lender, the court made a ruling that we were to pay the mortgage plus £100 each month off the arrears which was £2500 at the time. Which is what we have been paying since. There has been a delay a couple of times on payments, a three of four delay at most.


The arrears now stand at £901. Now this is the thing, there is £3000 extra interest on the account that they have just informed me about. Nothing has ever been mentioned in any letters or the regular statements we receive whatsoever. This is more than the original arrears itself.


Has anybody had anything like this before?

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Hello and Welcome, Oddball.


Sorry, I can't answer your question but there is a Mortgage Forum. Ask your question there and someone will help you.









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