Picture Finance Unregulated 2nd Charge on Property

[Bailey1]

Re: Picture Finance Unregulated 2nd Charge on Property

1st mortgage is £81,000 bal.
The SAR is on its way to me as of yesterday they said.

Settlement

Bal £73,787
Early settlent fee £400
Accrued Interest £1000
Redemption Fee £175
+ legal feed £240 discharge is security and de registering

[Bailey1]

Re: Picture Finance Unregulated 2nd Charge on Property

Forgot reduced payments till August to give me time to find a solution either pay off loan or sell house even though it is negative equity.

The letter for redemption states

Did you know Picture is able to offer alternatives to settling your loan early, call us to discuss.

[Amethyst]

Re: Picture Finance Unregulated 2nd Charge on Property

Thank you much clearer.