Warehouse split mortgage

M

Marie claire

New Member
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Hello we are with pepper vulture fund. No arrears on our mortage but have money in a warehouse. Interest rates are 7.8 % as we are paying over 608 euro a month on interest as we don't see our mortage going down at all only 185 euro going to capital. How can we sort this out. Should we start paying money off our warehouse loan. Or could we switch to a different lender with our mortage. I rang pepper and they have said no problem switching. What bank or credit union will take us on
 
Please provide the following information

1) Estimated value of your home - I assume it's your home and not a buy to let
2) Total amount outstanding
3) Amount in the warehouse
4) Original lender
5)Type of interest rate e.g. variable or tracker
I am guessing it's a ptsb tracker ECB +3.3%
6) What are your salaries?
7) When were you last in arrears?
 
295000 thousands euro house worth. Total amount outstanding 173000 euro amount in warehouse 78000 euro. Ptsb mortage lender. 7.8% interest rate variable. 3900 salary per month. I don't know about arrears I say 10 years
 
I see that Pepper has offered you 3.5% fixed for 2 years.

Go for it.

I presume that is on the active part of the mortgage only. You won't beat that with a switch to any other lender.

Pepper has offered to reduce my mortgage rate to avoid arrears. Will I be able to switch?

Hi there, I have a mortgage of circa with pepper - in arrears from a number of years ago when I went through seperation and we were sorting out assets. . My repayments have gone up 700pm over last 18 month due to rising rates. I’m at about 8% now. had continued to pay apart from one late...
www.askaboutmoney.com
 
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