Charges by Mortgage Company for late Insurance schedule.

You are here : Member Forums Other Charges by Mortgage Company for late Insurance schedule.
This topic has been locked as no posts have been made within the last 90 days.
D
Dannyboy
7 Posts
0 Thanks
My Buy to Let Mortgage Company (Platform) has started charging for Insurance Schedules being late. Is this legal, I have had 6 mortgages with them starting in 2004. The charges only started in January 2010. THe terms are not the clearest.But the charges are clear 21 days from the letter date. A non-refundable admin fee of 40 debited to mortgage account,plus a premium of 25.21 monthly and will accrue interest at mortgage rate. The Lenders Interest Policy will be in the lenders name. which means I cant claim of it. They say it is part of the terms and conditions of the mortgage contract. but I cant see were they say you will be charged for late shedules. Has anyone else been charged for late schedules.

06/06/2011 00:00

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Ideal Flatmate
Elfin Kitchens
Landlord Broadband
John Pye Auctions

Share this page