|
||||
Just click on the relevant heading and you will automatically be taken to your chosen section. Financial
Difficulties A
mortgage is a long-term financial commitment and unexpected changes
in personal circumstances could have an adverse effect on your ability
to repay your mortgage loan. Please contact the Society as soon as
possible if you should find that you are in financial difficulties.
We will consider mortgage arrears fairly and endeavour to reach a
mutually satisfactory solution. |
|
Higher
Lending Charge Where
the mortgage advance is in excess of 75% of the purchase price or
valuation of the property (whichever is the lower figure) a Higher
Lending Charge will apply. This will be stated on your (KFI) Key Facts Illustration. |
|
Interest Interest
is charged from the date our mortgage advance is released to the
end of the Society's financial year on the 31st December. Interest
is charged on the balance outstanding at the end of each year and
adjusted each time the interest rate changes. When the interest
rate changes on your mortgage account, we will write and let you
know. |
|
Legal
Advice A
mortgage is a long-term financial commitment, we recommend that you
take independent legal advice before deciding to proceed with your
mortgage application. The services of a firm of solicitors will be
required when arranging a mortgage on a property. Your solicitors
will be able to confirm their fees upon request. |
|
Marketing
Material From
time to time we may send marketing material to our members. If you
do not wish to receive such material in the post, please let us know
by either writing to Head Office or sending an e-mail. |
Your home may be repossessed if you do not keep up repayments on your mortgage
The Society is authorised and regulated by the
Financial Services Authority