You and Sean og are playing the game. And more power to you both. But if u think there's not going to be consequences to this changing three times in six months or every few months etc then this is your wake up call.All they need to do is be upfront with their customers. If they don't want switcher business then fine explain that to the customer and close the loop hole like EBS for example. They should have rejected my application at the outset and listed that as one of the reasons for decline... they didn't. They waited for my "appeal" and when they realized the first excuse wouldn't stand up they and rejected it on my switching history. Weeks of my time and their time have been wasted because of their inability to be upfront.
By rejecting people like myself or @Sean Og based on his switching history is akin to us having multiple loans in defaults. Eventually switchers wont be able to move mortgage ever again because no lender would touch us as customers. I can't see the Central Bank allowing that to happen when they actively encourage switching mortgages.
Did u expect to be allowed spend the next ten years switching twenty or thirty times and pocket hundred or hundred fifty grand in the process. Come on kid.