Hi
I don't know if anyone else has expereinced this, but I had a phonecall yesterday from my mortgage lender as my mortgage is on interest only and is due to change to the tracker at the end of the month. The guy on the phone basically rang I think hoping I was unaware It was on the tracker and offering me 'a special fixed rate of 4.5%'. I told him no as I was due to go on a tracker which was alot less than that, he pretended he wasn't aware as he was looking at my file and still tried to pressurise me to change, I asked him I would only change if I were stupid as I'll be paying an awful lot less on the tracker. He actually laughed and agreed with me
This house is an investment property and the house we're living in is also on a tracker from next month (with the same lender) so my husband is expecting the same phonecall but is ready for them. Pretty dispiciple I suppose some people might not be aware their mortgages are due to go on tracker and might take up his special offer and lose out big time. Is this something that the financial regulator might do something about?
I don't know if anyone else has expereinced this, but I had a phonecall yesterday from my mortgage lender as my mortgage is on interest only and is due to change to the tracker at the end of the month. The guy on the phone basically rang I think hoping I was unaware It was on the tracker and offering me 'a special fixed rate of 4.5%'. I told him no as I was due to go on a tracker which was alot less than that, he pretended he wasn't aware as he was looking at my file and still tried to pressurise me to change, I asked him I would only change if I were stupid as I'll be paying an awful lot less on the tracker. He actually laughed and agreed with me
This house is an investment property and the house we're living in is also on a tracker from next month (with the same lender) so my husband is expecting the same phonecall but is ready for them. Pretty dispiciple I suppose some people might not be aware their mortgages are due to go on tracker and might take up his special offer and lose out big time. Is this something that the financial regulator might do something about?