Hi all,
took a mortgage in 2005 w/ ptsb.. Fixed for my first year.. In 2oo6 was automatically moved to standard variable.. After about a yearof rate rises i fixed in 2007 for 3 years..after this finished 2010 only offer was really high fixed or new product ltv..which was .5% above standard variable.. Bank told me they weren't offering standard variable anymore.. I fixed again last year for 5 years..
Original loan offer states when fixed period is over i will have option of moving to a variable rate..also they gie me illustrative table and state this table assumes loan will roll over to a standard variable.. Offer letter to fix in 2007 states nothing about what will happen after fixed period..
Can i appeal that in 2010 i should've been offered a standard rate?? Would never have fixed for 5 years if not for this ltv influencing my decision.. Thanks IN ADVANCE FOR ALL REPLIES AND SORRY FOR LONG POST..
took a mortgage in 2005 w/ ptsb.. Fixed for my first year.. In 2oo6 was automatically moved to standard variable.. After about a yearof rate rises i fixed in 2007 for 3 years..after this finished 2010 only offer was really high fixed or new product ltv..which was .5% above standard variable.. Bank told me they weren't offering standard variable anymore.. I fixed again last year for 5 years..
Original loan offer states when fixed period is over i will have option of moving to a variable rate..also they gie me illustrative table and state this table assumes loan will roll over to a standard variable.. Offer letter to fix in 2007 states nothing about what will happen after fixed period..
Can i appeal that in 2010 i should've been offered a standard rate?? Would never have fixed for 5 years if not for this ltv influencing my decision.. Thanks IN ADVANCE FOR ALL REPLIES AND SORRY FOR LONG POST..