woolwich mortgage - should i be worried

warped

I have a lifetime tracker and as the base rate has just dropped i called them up to get the monthly payments recalculated (which is what you have to do)

however, they told me on the phone that all customers were getting a letter after 1st Nov (mortgage year end apparently) to advise them of how things would now work

i pay by DD and have never missed a payment - should i be worried that something fishy is now going on?

i did note on their website that my mortgage, which when i took it out at xmas required a 75% LTV now requires a 60% LTV!

getmore4less

Well we will see what they have to say when the letters arrive.

You have the deal so that should not be a problem

I would just leave the payment as it is and overpay a bit.