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Low Mortgage Rate Extended By Oversight
keano5
Posts: 1 Newbie
My current lender has failed to put my mortgage back to a standard variable rate when my discounted rate finished last October. This has given me 8 months extra at 0.89% interest.
Can the bank reclaim the interest from me although it is their mistake? I am about to port our mortgage and this, I am sure will highlight their oversight.
Can the bank reclaim the interest from me although it is their mistake? I am about to port our mortgage and this, I am sure will highlight their oversight.
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My current lender has failed to put my mortgage back to a standard variable rate when my discounted rate finished last October. This has given me 8 months extra at 0.89% interest.
Can the bank reclaim the interest from me although it is their mistake?
In theory, yes. However, if you have "dissipated" (i.e. spent) the money, it is probable that it will have be written off.I am about to port our mortgage and this, I am sure will highlight their oversight.
I think you are probably right!0
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