Posting for traffic
I've been an idiot
Applied for a mortgage in February with broker A. I didn't really like any of the product rates so it's been dragging on while they looked for others.
Meanwhile I applied with broker B, as things had gone quiet with broker A.
Much preferred broker B's product, but this was taking months and months and going nowhere fast
Broker A came back with a product which I agreed to apply for. I stupidly didn't read it properly. I showed my colleague who worked in finance before and she explained the rates and how it was actually 26k more in interest than broker B's product
I decided to withdraw from broker A. However she informed me the broker fee is payable and that's 2495. I checked the paperwork and she's right, if the mortgage doesn't complete for any reason I still have to pay the fee.
I feel physically sick. I'm so stupid. I must have either not read it properly or not understood. No excuse for it really other than I'm stressed and was going through a breakup of an abusive rship (didn't live together).
There is no way I can afford the 2495 fee
And now I'm worried I'll end up with a CCJ or worse.
I don't know what to do and I'm trying not to bury my head in the sand.
Broker B is ready to complete the mortgage, but I can't use that to pay broker A's fee as it's all accounted for (repaying existing mortgage and essential home repairs, and I mean essential)
What on earth can I do
I feel physically sick; I'm so stupid