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Tracker Mortgages HBOS - Now Under Fire?
putney-saint
Posts: 2 Newbie
I got a letter today from the Bank of Scotland raising the SVR element of the mortgage. As far as I am aware, every penny of that Mortgage was agreed at 1% over base. I also have the flexible options. What is this all about?
I am assuming that this is a tactic to hit the Tracker Rate Mortgage holders and force them off the tracker rate. Anyone else know anything about this?
I am assuming that this is a tactic to hit the Tracker Rate Mortgage holders and force them off the tracker rate. Anyone else know anything about this?
0
Comments
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Is your tracker mortgage for a limited period of time after which the interest rate changes onto the SVR?0
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No, its for the life of the mortgage.0
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Then you're not directly affected.0
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