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Increase to interest rate
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LMorris
Posts: 1 Newbie
Hi
We are in the process of re-mortgaging for the first time and the provider has told us that the interest rate on the mortgage we have applied for has gone up in the last few days. We were concerned about this previously and addressed the possibility of it with staff at the branch. We were told by a member of staff that applications already underway would be honoured but have since been told otherwise.
Do you know if we can insist that they honour the original rate please?
Thanks
We are in the process of re-mortgaging for the first time and the provider has told us that the interest rate on the mortgage we have applied for has gone up in the last few days. We were concerned about this previously and addressed the possibility of it with staff at the branch. We were told by a member of staff that applications already underway would be honoured but have since been told otherwise.
Do you know if we can insist that they honour the original rate please?
Thanks
0
Comments
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What type of mortgage are you getting?0
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Was your full application submitted or had you only done a Decision in principle?
Who is the lender?I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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