pablohoney
Registered User
- Messages
- 27
long story short. I took out a mortgage in 2007. i was initially applying for mortgage and was told father would have to go as guarantor for o number of years(5) and would be on the loan not the deeds. At some stage my mortgage application was refused (i was never informed) and my father was changed to a joint borrower (he didnt know this either - however signed the forms). anyway theres a case with the ombudsman. When i was applying for the mortgage i was informed i didnt qualify for a tracker. i signed a fixed rate mortgage and then reverted to variable when that was finished (3 years). when i applied for my data through a data request i found on the application for a mortgage my father (applicant 2) is clearly listed as a guarantor. On the rate application form borrower 2 (my father although unbeknown to him) is left blank. i.e only one of us signed the form for the 3 ear fixed rate. I came into difficulty in 2014 wen things were bad and entered arrears. this is when i found out my father was in fact a co borrower not a guarantor and was still on the loan even though 5 years had passed. From day 1 of the mortgage he never had any correspondence from the bank and they only went looking for him when i couldnt pay and threathened court etc. Ombudsman is dealing with that side of things but in relation to the rates is there anything there to say that if the forms were not signed by both parties that we should have been on the most favourible rate(ie tracker). I fixed my mortgage last year and they wouldnt entertain it unless both us signed. If this is in the wrong place apologies.
Thanks
Thanks