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| Content | 4.5/10  |
|---|---|
| Value for Money | 4.5/10 |
| Reviewer Rating | 6/10 |
| Overall Rating | 6.7/10  |
Full review by
dwdavidwalker
on 26th Feb 2007
User Rating : 3
Respect :
+1
Good Points: None
Bad Points: All the fees they charge
General comments: They have many hidden fees, here check them out...
At Nemo we like to keep our customers informed. The details of the standard fees we charge are listed below:
Administration Fees
Telegraphic Transfer £30
Change to Direct Debit Payment Due Date £25
Statement of Account - 12 month transaction history.
Chargeable for 3rd party requests only. £25
Settlement Quotations - Payable on 2nd and subsequent requests. £25
Changing the term of your loan £125
Our consent to let your property £125
Our consent to a 3rd charge against your property £125
Mortgage Reference £100
Deed of Postponement - This fee maintains your Nemo Loan as the
second charge on your property should anything change regarding the first charge. For example if you change your mortgage provider. £125
Transfer Fee - Payable if you move house and transfer your loan to your new property. £125
Adding or removing a person from your loan agreement £125
Security Release Fee* - Payable if you wish to settle your loan early, this is in addition to the amount required to settle your loan. £175
Capital Repayment Charge* - Payable if you wish to make a lump sum capital repayment on your loan. £100
Defaults
Unpaid Direct Debit £30
Returned Cheque £30
Arrears
Arrears Letter £25
Default Notice £50
Arrears Visit £90
7 Day Letter - This fee is charged prior to issuing a default notice or Solicitor's instructions, and follows at least one arrears letter. £25
Solicitor's Instructions £100
I have had a loan with Nemo Personal Finance since the 30th of November 2006, and the rate has gone up already by 1%.
dwdavidwalker's review and ratings | 246 words
Review by
arossey
on 21st Sep 2006
User Rating : 9
Respect :
0
I filled in the box and got a call back within the hour. Nemo Personal Finance can offer loans to some people with a bad credit history, and as it is a direct link, they don't charge a broker fee. I was quoted £250 elsewhere.
It is a good site, and I will be recommending it to friends.
arossey's full review | 63 words | 1 comment added.
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