I suspect that BOI suspect that something is amiss. I wonder if I'm about to lose my tracker?
Read the Terms and Conditions of your Mortgage,if there is a clause allowing them to change your mortgage on the basis that it is no longer a PPR then there is really nothing you can do except hope they do not join the dots.
However if no such clause exists then there is nowt they can do.
This is something that coudl easily be checked as one is obliged to register the tenanct with those other bureaucrats the PRTB.
If the Bank ever looked their list and matched it to their own -- well who knows.
If the Letter of Offer talks about 'occupying solely' vs 'occupying' bear in mind that even a day a year could be an occupation.
Fortunately, the TnC makes no mention of FTB / O-O / PPR / BTL or any other TLA associated with mortgages. It seems to make no differentiation whatsoever
Fortunately, the TnC makes no mention of FTB / O-O / PPR / BTL or any other TLA associated with mortgages. It seems to make no differentiation whatsoever, phew. However, I can't help but be a tad concerned.
I'm paying about 900 per month at present, but I found some old statements from a few years back when I was paying over 1400 ('tis an ill wind blows no good).
The rent coming in is 950 so I'm in good stead, but a hike is the last thing I need. Not that life is meant to be fair, but it would seem highly unfair that just by moving out of the house I get hit with larger repayments.
Incidentally, I checked my current account and the mortgage was debited today. Alas, the TRS has been credited... busy time for Revenue, all things considered.
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