fixed interest rate

hi, i fixed my interest rate for five years a few years ago when interest rates were going up every few months, rent was covering payments but that not case now, my financial advisor who i got mortgage with rang me with fixed rate deal a 5 percent, thought this was good at the time and went for it but i could not make it to his office to sign forms so he signed it on mt behalf, have trouble making payments now as app not rented, so would the fact that i didnt sign the papers myself get me out of this fixed rate and would financial advisor get in much bother if i went down this road, will be thankful for any replies.

I don't know how much help you're going to get with this one. You say yourself that you "went for it" so it's a little disingenuous to try and get out of it now. If the financial advisor had ostensible authority to sign the forms (which is reasonable to assume, considering this happened "a few years ago") then the bank is rightly entitled to rely on his signature acting as your agent.

my o my ....no one should sign a legal document or a general document unless you gave them power of attorney or you at least gave a letter to your broker and bank asking them to accept same.

What was this broker thinking !!

You should give a call to your broker and ask his opinion !!

Im amazed he signed this ! AMAZED !

By the way that 5 Year rate may not be too bad by the end of this year ? You will pay breakage costs. Why not go interest only ? Talk to your mortgage provider, I find that they will work with you and may accept a reduced payment for 6 months. Reduce your rent expectations and get it rented.

Always keep in contact with your lender ( by writing ) when in difficulty.