Tuesday, 18 October 2011

Grumpy about this

My first post was concerned with the Age of Discontent. Here is an example of what is so irritating about business in current times. Once again, not a major occurrence, but nevertheless representative of daily inefficiency. I took out a buy to let mortgage over a year ago. The agreement stated that the payment would increase after nine months. Then it was increased again without any notification sent to me ! I am now paying an extra £100 per month.
At the beginning I was obliged to provide a mailing address because I was not resident at the mortgaged property. I gave the address of my mother. Shortly afterwards my mother went into hospital. She died some months later.  I contacted the mortgage company informing them of her death and requested them to amend my contact details. I was assured that the new details I provided were the only ones they then held. Recently I requested a statement of what I had paid. I waited ten days, I received nothing. I telephoned again. I was told the statement had benn sent but to my mother's address. It seems they are keen to take our money but still fall very short of providing a service. The company is Mortgage Works, in case you want to make a note.

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