Uh Oh!

Thought we were going to have a nightmare there for a while! Nationwide, our mortgage lender, sent through one of their customary 'changes to our charges letters' today. Now, normally this doesn't have much baring on us. However, today's one was changes to letting fees. So, that made me nervous for a start. Mainly because Nationwide had never charged a letting fee before. Reading the appended 'bumpf' didn't alleviate the concerns that were building either. The way it read was that from the 1 September we would be liable for up £250 per month in letting fees. Something moved uncomfortably in my bowels. That would mean we wouldn't even break even on them monthly letting costs. Gulp!
OK, let's phone the bank and get them to tell me what the damage is.
'Well, Mr. Chapman, providing you start letting before 1 September you won't incur any charges unless you change the terms of your mortgage with us'.
Say that again? Your letter says from 1 September.
'Oh, yes, but only if you haven't got an existing letting agreement, which you will have. I suppose the letter could be a LITTLE AMBIGUOUS'.
Er, yeah, you could say that, anyway thanks for your help.
'Anything else I can help you with today Mr. Chapman?'
Er, CPR? No, thanks, I'm fine, bye.

So, no fees. Yippee (although it was more like pee my pants there for a while!). Let's get letting!