Hi, we have a split mortgage originally from ptsb but subsequently sold to pepper finance. we are 6 years in and have not missed a payment.
Pepper now want to increase our monthly payment after the sfs review. We are prepared to increase our monthlys but What Pepper deems affordable is more than we can comfortably afford to pay. I work as a carer for my aged parents but realise that this can end at any time. I'm 58 with a longtime medical condition.
Question 1: Am I compelled to accept Peppers assessment of an increased monthly payment ?
Question 2: Can I argue for a lower increased monthly payment ?
Question 3: If and when my parents die and I no longer have an income can I ask that our repayments return to those originally stated in the original split mortgage contract ?
Would appreciate any and all advice
Thanks in advance
Pepper now want to increase our monthly payment after the sfs review. We are prepared to increase our monthlys but What Pepper deems affordable is more than we can comfortably afford to pay. I work as a carer for my aged parents but realise that this can end at any time. I'm 58 with a longtime medical condition.
Question 1: Am I compelled to accept Peppers assessment of an increased monthly payment ?
Question 2: Can I argue for a lower increased monthly payment ?
Question 3: If and when my parents die and I no longer have an income can I ask that our repayments return to those originally stated in the original split mortgage contract ?
Would appreciate any and all advice
Thanks in advance