Lambeth Building Society Mortgages

Advantages: Customer service, up front about fees
Disadvantages: Fees for statements, high early repayment charges

...product, but work to remortgage Lambeth Building Society mortgages on an everyday basis. The Lambeth Building Society is now known as Portman Building Society and we contact them for all queries in regards to repaying your mortgage. The Portman are generally quite efficient when it comes to the process of you wishing to remortgage, but there are a few points that people must take note of when repaying their mortgage. Early repayment charges which ...
...fixed term tend to be very high with the Portman in relation to the size of your mortgage. Obviously they are a percentage of your mortgage, but the percentage (I cannot tell you what this in a numerical format, simply check your original contract) is very high in comparison to more mainstream lenders such as Halifax and Nationwide who sometimes have early repayment charges less than £100. I have never seen this with Portman. Also, be careful how ... Read review

Advantages: none
Disadvantages: you get ripped off if you beleive them

I was with lambeth building society for 12 years but have a tale of deception to impart. we took out our mortgage on outr first house with them and at the time we needed a large amount and were no earning a massive amount. However they agreed and told us the monthly repayments We payed the yearly calculated amounts not knowing any better until about 9 months ago when we thought we would look around to see if any better deals were out there. We ...
...month!!!). So we asked Lambeth why they were so expensive and here's the rub They had been charging us 1% above the normal rate because we were considered a bad risk. firstly no one had ever told us this was the case, secondly how could we still be a bad risk after paying with no gaps for 12 years, and lastly they now claimed that because the rate was on the original paperwork they had told us. The rates at that time were going up and down like ... Read review