When I originally took out my mortgage in 2006 I was on a SVR, at some point between then and now I changed (or my then wife) to a tracker mortgage.
I have absolutely no paper trail for this/agreement. I am currently paying ECB+1.25 and obviously this is fine but I have no idea what the agreement around the 1.25% is. i.e. as LTV changes as mortgage is paid down does this rate change too as I believe this was set based on the amount borrowed versus property value at the time...
I have been onto the bank and they are looking at this but in their normal system they don't seem to have any thing recorded.
I assume there should be an agreement that was signed to change from SVP to Tracker? Or could it have been done via phone call?
If they have no paperwork what then? I assume it must be there but just wondering.
I have absolutely no paper trail for this/agreement. I am currently paying ECB+1.25 and obviously this is fine but I have no idea what the agreement around the 1.25% is. i.e. as LTV changes as mortgage is paid down does this rate change too as I believe this was set based on the amount borrowed versus property value at the time...
I have been onto the bank and they are looking at this but in their normal system they don't seem to have any thing recorded.
I assume there should be an agreement that was signed to change from SVP to Tracker? Or could it have been done via phone call?
If they have no paperwork what then? I assume it must be there but just wondering.