Hello
I wonder if anyone can advise me please. My Mortgage is with The Woolwich now dealt with by Barclays , it is an Endowment and is due to be paid in full on May 16th 2013.
I have a shortfall of 11,995 . I filled in forms for an extention and they have refused as my Husband is on a small personal pension, this was at a better rate as well as we have been paying 6.1% .I have now been told that when the final payment is received I can extend the one I am on possibly-but will only be allowed to overpay 10% a year . The Branch say there are no mortgages at that rate they are all lower so I am worried that they will make me continue at the higher rate.
Can anyone help please.:(
I wonder if anyone can advise me please. My Mortgage is with The Woolwich now dealt with by Barclays , it is an Endowment and is due to be paid in full on May 16th 2013.
I have a shortfall of 11,995 . I filled in forms for an extention and they have refused as my Husband is on a small personal pension, this was at a better rate as well as we have been paying 6.1% .I have now been told that when the final payment is received I can extend the one I am on possibly-but will only be allowed to overpay 10% a year . The Branch say there are no mortgages at that rate they are all lower so I am worried that they will make me continue at the higher rate.
Can anyone help please.:(