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In a new fixed rate deal - can they change it?
MrsB2100
Posts: 793 Forumite
Hi, just a quickie ...
We just took a new fixed rate deal in December 07 for 2 years. Had to pay the HLC at the time too, as the valuation was just under what we needed at 96% I believe.
With the market looking more stringent with new lending at the moment, I was wondering whether mortgage companies would be looking at cancelling existing contracts? I havent checked the terms and conditions - to be honest, I just thought about it! Mortgagees are First Active (RBS, I think).
It's literally just a thought ...
Thanks!
We just took a new fixed rate deal in December 07 for 2 years. Had to pay the HLC at the time too, as the valuation was just under what we needed at 96% I believe.
With the market looking more stringent with new lending at the moment, I was wondering whether mortgage companies would be looking at cancelling existing contracts? I havent checked the terms and conditions - to be honest, I just thought about it! Mortgagees are First Active (RBS, I think).
It's literally just a thought ...
Thanks!
I wish I was a glow worm, a glow worm's never glum
Cos how can you be gloomy, when the sun shines out your bum?
Cos how can you be gloomy, when the sun shines out your bum?
0
Comments
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No, the fixed rate is binding on them till Dec 09. They can't cancel an existing mortgage.poppy100
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Thanks poppy10.I wish I was a glow worm, a glow worm's never glum
Cos how can you be gloomy, when the sun shines out your bum?0
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