changed to tracker rate mortgage

[riddles]

Hi,

I have a mortgage with IL&P - I rang up some time back - I had a variable rate mortgage and requested to be moved to an ECB tracker rate mortgage - I received a letter shortly after but have misplaced it.

I'm currently on 4.75% I was wondering if that change was permanent from normal variable to tracker or can they change it back.

Thanks,

R

 

[c00lcarl]

Generally speaking if you are not on a fixed rate there are no penalties for switching between mortgage products, however you might want to confirm that with your bank prior to changing again

 

[PM1234]

Did they agree to the change to a tracker? If you are on a tracker, your lender shouldn't change it without your consent. However you should check the T&Cs of your offer.

You can also contact them to request a copy of the correspondence you mislaid.