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Yorkshire Bank Mortgage
dick_turpin
Posts: 207 Forumite
I am several years into a YB Rapid Repay mortgage. A deal that charges an interest rate of 1.79 % above Bank of England Base Rate. Recently received a letter that they were changing the rules and that the 1.79% was now flexible to allow the bank to remain profitable. My reaction is that they cant just tear up the previous agreement but no doubt the current low rates are hurting them.
Whilst I intend to take this up direct with them I wonder if anyone else is in the same position and has already made the approach?
Whilst I intend to take this up direct with them I wonder if anyone else is in the same position and has already made the approach?
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