Comments on: Redstone Mortgages http://www.smarter-finances.com/redstone-mortgages/ Tue, 16 Feb 2010 21:51:19 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Stella Tina Ade http://www.smarter-finances.com/redstone-mortgages/comment-page-1/#comment-4743 Stella Tina Ade Tue, 16 Feb 2010 21:51:19 +0000 http://www.smarter-finances.com/?p=55#comment-4743 How do I begin. I was sold to Redstone but to be honest they have worked really well with me. I am sometimes in trouble and they always are very understanding. Joined them in 2007. Right now things are actually not good and they've been very understanding and sympathise with me. They are okay and thats why am still with them since my fixed term expired. How do I begin. I was sold to Redstone but to be honest they have worked really well with me. I am sometimes in trouble and they always are very understanding. Joined them in 2007.
Right now things are actually not good and they’ve been very understanding and sympathise with me.

They are okay and thats why am still with them since my fixed term expired.

]]> By: toni http://www.smarter-finances.com/redstone-mortgages/comment-page-1/#comment-4616 toni Sat, 30 Jan 2010 12:05:40 +0000 http://www.smarter-finances.com/?p=55#comment-4616 i have a mortgage with redstone which again was with beacon and handed over to redstone. We have had this mortgage almost 3 years and they charged us over 1000 pounds to arrange it. We have never missed a payment. In the 1st year we weren't sent a mortgage statement and i never chased this up, then this year we recieved one stating if we were to ever redeem the mortgage they would charge us an addtional 4000 pounds which i don't remember seeing anywhere in my mortgage offer. I too arranged this mortgage with a reputable broker and it was the only option we had at the time. We are now thinking ahead and have our debts paid off minus the mortgage and actually thinking of moving in the next year or so, hopefully we can get a mortgage with a high st lender but will have to pay this extortionate fee when we redeem even though we are paying over the odds in interest already. I'm really not happy about my mortgage broker and thinking of complaing to the financial ombudsman i have a mortgage with redstone which again was with beacon and handed over to redstone. We have had this mortgage almost 3 years and they charged us over 1000 pounds to arrange it. We have never missed a payment. In the 1st year we weren’t sent a mortgage statement and i never chased this up, then this year we recieved one stating if we were to ever redeem the mortgage they would charge us an addtional 4000 pounds which i don’t remember seeing anywhere in my mortgage offer. I too arranged this mortgage with a reputable broker and it was the only option we had at the time. We are now thinking ahead and have our debts paid off minus the mortgage and actually thinking of moving in the next year or so, hopefully we can get a mortgage with a high st lender but will have to pay this extortionate fee when we redeem even though we are paying over the odds in interest already. I’m really not happy about my mortgage broker and thinking of complaing to the financial ombudsman

]]> By: Jane http://www.smarter-finances.com/redstone-mortgages/comment-page-1/#comment-4615 Jane Wed, 06 Jan 2010 08:07:25 +0000 http://www.smarter-finances.com/?p=55#comment-4615 My property was repossessed by Redstone In Aug 09 & like many of you we took our mortgage with Beacon homeloans then out of the Blue were informed that Redstone would be our Lender,Unfortunately there was no help from Redstone,we paid a fee to have our mortgage Changed from Repayment to interest only which was never applied,when my husband left i kept them fully informed by written correspondence,Telephone calls etc,when i did make offer of token payments whilst i was sorting out my finances it was declined without any consideration whatsoever,In one telephone call to them i explained my circumstances once more & the guy asked me "well how much can you pay today?","£1,000? £500? £100?,",i stupidly made a £100 payment,why i dont know i guess i was scared,This has never shown up on the account,just the same as the £75 arrangement fee for changing from repayment to interest only,i only wished i had the strength to fight it all,But losing my marriage,mine & my childrens home of 21 yrs,i just gave in,It has since been suggested to me that there is noone in a position/knowledge that knows how to deal with the more complex situation within that company,They are Basically money collectors & That is that. My property was repossessed by Redstone In Aug 09 & like many of you we took our mortgage with Beacon homeloans then out of the Blue were informed that Redstone would be our Lender,Unfortunately there was no help from Redstone,we paid a fee to have our mortgage Changed from Repayment to interest only which was never applied,when my husband left i kept them fully informed by written correspondence,Telephone calls etc,when i did make offer of token payments whilst i was sorting out my finances it was declined without any consideration whatsoever,In one telephone call to them i explained my circumstances once more & the guy asked me “well how much can you pay today?”,”£1,000? £500? £100?,”,i stupidly made a £100 payment,why i dont know i guess i was scared,This has never shown up on the account,just the same as the £75 arrangement fee for changing from repayment to interest only,i only wished i had the strength to fight it all,But losing my marriage,mine & my childrens home of 21 yrs,i just gave in,It has since been suggested to me that there is noone in a position/knowledge that knows how to deal with the more complex situation within that company,They are Basically money collectors & That is that.

]]> By: Heather Todd http://www.smarter-finances.com/redstone-mortgages/comment-page-1/#comment-4612 Heather Todd Tue, 24 Nov 2009 20:01:18 +0000 http://www.smarter-finances.com/?p=55#comment-4612 We too were duped into the Redstone company by taking out a mortgage with Beacon Homes. Each year we receive a letter stating that Redstone have taken out Buildings insurance on our behalf as we do not appear to have any insurance and have taken the payments out of our bank account- each year despite sending them copies of our Buildings Insurance and even getting the Insurers to fax info directly to them I have to battle to reclaim the money they steal from our bank account.I think I have now defeated them after making it clear it is illegal to have 2 lots of Building Insurance on a property and that there practices are clearly of an illegal nature as well as unduly harrassing us every 12 months. We found out early last year that this is not a company to deal with as we had never had any CCJ's or bad debt but we were not aware of this at the time. Unfortunately for us I have just had 12 months sickness including surgery and my husband is self employed. I am hoping to return to work in the next 3 weeks but my husband is having surgery on his shoulder and we have just found out the insurance he has will not be paying out for his hospital stay or income protection we were DUPED (yet again) into believing we would qualify for. So dont reckon there is much hope in Redstone allowing us a mortgage payment holiday for the next few months -However I will be contacting some professionals for advice since the government introduced the scheme last year! Wish us luck and good luck to all other victims of this Regime called Redstone, ACTUALLY DOES THIS NOT COME UNDER MIS-SELLING IF BEACON HOMES PASS US STRAIGHT ONTO REDSTONE WITHOUT OUR KNOWLEDGE??? We too were duped into the Redstone company by taking out a mortgage with Beacon Homes. Each year we receive a letter stating that Redstone have taken out Buildings insurance on our behalf as we do not appear to have any insurance and have taken the payments out of our bank account- each year despite sending them copies of our Buildings Insurance and even getting the Insurers to fax info directly to them I have to battle to reclaim the money they steal from our bank account.I think I have now defeated them after making it clear it is illegal to have 2 lots of Building Insurance on a property and that there practices are clearly of an illegal nature as well as unduly harrassing us every 12 months. We found out early last year that this is not a company to deal with as we had never had any CCJ’s or bad debt but we were not aware of this at the time. Unfortunately for us I have just had 12 months sickness including surgery and my husband is self employed. I am hoping to return to work in the next 3 weeks but my husband is having surgery on his shoulder and we have just found out the insurance he has will not be paying out for his hospital stay or income protection we were DUPED (yet again) into believing we would qualify for. So dont reckon there is much hope in Redstone allowing us a mortgage payment holiday for the next few months -However I will be contacting some professionals for advice since the government introduced the scheme last year! Wish us luck and good luck to all other victims of this Regime called Redstone, ACTUALLY DOES THIS NOT COME UNDER MIS-SELLING IF BEACON HOMES PASS US STRAIGHT ONTO REDSTONE WITHOUT OUR KNOWLEDGE???

]]> By: l c tonne http://www.smarter-finances.com/redstone-mortgages/comment-page-1/#comment-3837 l c tonne Tue, 15 Sep 2009 09:37:49 +0000 http://www.smarter-finances.com/?p=55#comment-3837 I have just started renting a flat from a person who has a 100%mortgage with redstone mortgages plc. I was doing a check on the landlord to how safe I was with them and discovered this site. I just wonder how worried I should be. I have just started renting a flat from a person who has a 100%mortgage with redstone mortgages plc.
I was doing a check on the landlord to how safe I was with them and discovered this site.
I just wonder how worried I should be.

]]> By: Pri http://www.smarter-finances.com/redstone-mortgages/comment-page-1/#comment-1679 Pri Mon, 17 Aug 2009 19:46:36 +0000 http://www.smarter-finances.com/?p=55#comment-1679 I had my mortgage with Beacon/Redstone cleared in April 09 and things are going well so far. I was in desperate need to sort out my finances and without the completion, I would be struggling so much right now. I hope I dont encounter some of issues some of you above have mentioned but so far Beacon/Redstone have proved good. I wouldnt recommend anyone to miss a payment with ANY mortgage company but do plan to look around in 2 years time. I had my mortgage with Beacon/Redstone cleared in April 09 and things are going well so far. I was in desperate need to sort out my finances and without the completion, I would be struggling so much right now. I hope I dont encounter some of issues some of you above have mentioned but so far Beacon/Redstone have proved good. I wouldnt recommend anyone to miss a payment with ANY mortgage company but do plan to look around in 2 years time.

]]> By: vicky nash http://www.smarter-finances.com/redstone-mortgages/comment-page-1/#comment-564 vicky nash Sun, 05 Jul 2009 14:28:53 +0000 http://www.smarter-finances.com/?p=55#comment-564 i am unable to keep up payments on my loan with redstone as my income is less than the monthly payment i am unable to keep up payments on my loan with redstone as my income is less than the monthly payment

]]> By: cj http://www.smarter-finances.com/redstone-mortgages/comment-page-1/#comment-550 cj Fri, 26 Jun 2009 20:44:10 +0000 http://www.smarter-finances.com/?p=55#comment-550 We are on a Payplan DMP and wanted to remortgage to clear the debt and get on with our lives. The only broker who said he could help (CCJ 18month ago) has recommended a Beacon (Redstone PLC) product. we are all due to go through with this when we started to see the various stories about Redstone. Now we are very worried. cjm We are on a Payplan DMP and wanted to remortgage to clear the debt and get on with our lives.
The only broker who said he could help (CCJ 18month ago) has recommended a Beacon (Redstone PLC) product.
we are all due to go through with this when we started to see the various stories about Redstone. Now we are very worried.
cjm

]]> By: Debbie http://www.smarter-finances.com/redstone-mortgages/comment-page-1/#comment-340 Debbie Mon, 22 Dec 2008 17:15:38 +0000 http://www.smarter-finances.com/?p=55#comment-340 o my gosh! i also signed up with beacon homeland and was surprised to get a letter from redstone saying they were responsible for my mortgage. so far so good but i have a 3 year interest fixed with them. i too got a letter in june 08 about the miscalculated interests. it says no need to do anything. i didnt pay it much attention but after all ive read here i am going to go and read it and make damn sure i dont miss a payment. they sound like a very horrible company - recommended by a 'nice" mortgage advisor! o my gosh! i also signed up with beacon homeland and was surprised to get a letter from redstone saying they were responsible for my mortgage. so far so good but i have a 3 year interest fixed with them. i too got a letter in june 08 about the miscalculated interests. it says no need to do anything. i didnt pay it much attention but after all ive read here i am going to go and read it and make damn sure i dont miss a payment. they sound like a very horrible company – recommended by a ‘nice” mortgage advisor!

]]> By: steve http://www.smarter-finances.com/redstone-mortgages/comment-page-1/#comment-147 steve Sun, 07 Dec 2008 23:56:50 +0000 http://www.smarter-finances.com/?p=55#comment-147 I remortgaged in oct 2006 to Beacon mortgage who then told me it was in fact redstone. I have just had my house repossessed by redstone when I was layed off in june this year.I have like the other people found them not helpful at all, and in fact the night before the final court hearing phoned me at 8:00 at night asking for a payment to clear the arrears, as soon as I informed them I was out of work I got nothing but hassle and telephone calls at all times of the day, please anyone who is considering taking out a mortgage with either Beacon or Redstone DON'T you will live to regret it, I know I have.They are what is wrong with the financial sector and should not be allowed over here in the U.K to peddle misery as they do. I remortgaged in oct 2006 to Beacon mortgage who then told me it was in fact redstone. I have just had my house repossessed by redstone when I was layed off in june this year.I have like the other people found them not helpful at all, and in fact the night before the final court hearing phoned me at 8:00 at night asking for a payment to clear the arrears, as soon as I informed them I was out of work I got nothing but hassle and telephone calls at all times of the day, please anyone who is considering taking out a mortgage with either Beacon or Redstone DON’T you will live to regret it, I know I have.They are what is wrong with the financial sector and should not be allowed over here in the U.K to peddle misery as they do.

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