In May 2008 I wanted to restructure my borrowings with First Active Plc( now Ulster Bank) so that instead of one loan securing several properties, I wanted one loan to secure each individual property. Technically in my opinion this was not a new mortgage but a restructuring of my old Tracker mortgage.
On the 29th of May 2008 I received an offer of 2 Tracker mortgage which I accepted.In September 2008 I received notification from the lender stating that because six months had elapsed they were now withdrawing my Trackers, in fact only 4 months had elapsed . In October 2008 I signed a fixed term at 5%.Recently I read that some people had got their trackers returned, that the lender had not acted in a proper manner. appreciate any advice, should I challenge the lender as I wanted to stay on the trackers.My previous solicitor was slow in handing over certain documents.
Regards
On the 29th of May 2008 I received an offer of 2 Tracker mortgage which I accepted.In September 2008 I received notification from the lender stating that because six months had elapsed they were now withdrawing my Trackers, in fact only 4 months had elapsed . In October 2008 I signed a fixed term at 5%.Recently I read that some people had got their trackers returned, that the lender had not acted in a proper manner. appreciate any advice, should I challenge the lender as I wanted to stay on the trackers.My previous solicitor was slow in handing over certain documents.
Regards