I
imni
Guest
We took out a mortgage in 2008 and fixed for 3 years in 2010.
Our fixed rate is now almost at an end and we received a letter offering the various rates we can move onto. The option to move to tracker is not listed however.
The original letter Offer of Mortgage Loan had a Loan Type: Variable Annuity, and Interest Rate Description as: Tracker Home LTV>50%<80% with a ECB + Margin of 1.15%
The original mortgage offer, states that at the end of a fixed interest rate period that the customer could choose between, a further fixed rate period, conversion to variable rate or conversion to a tracker interest rate.
Should we have gotten an option to move back to the tracker rate rate also?
My other question is, does the letter we signed moving from to a fixed rate null and void the original mortgage offer?
I can not find this letter anywhere and I am not sure if we ever received one in the post as we signed the letter moving to a fixed rate in a mortgage brokers office so I am not sure what conditions were on this letter.
Our fixed rate is now almost at an end and we received a letter offering the various rates we can move onto. The option to move to tracker is not listed however.
The original letter Offer of Mortgage Loan had a Loan Type: Variable Annuity, and Interest Rate Description as: Tracker Home LTV>50%<80% with a ECB + Margin of 1.15%
The original mortgage offer, states that at the end of a fixed interest rate period that the customer could choose between, a further fixed rate period, conversion to variable rate or conversion to a tracker interest rate.
Should we have gotten an option to move back to the tracker rate rate also?
My other question is, does the letter we signed moving from to a fixed rate null and void the original mortgage offer?
I can not find this letter anywhere and I am not sure if we ever received one in the post as we signed the letter moving to a fixed rate in a mortgage brokers office so I am not sure what conditions were on this letter.