imalwayshappy
Registered User
- Messages
- 212
Why do Banks make it so difficult to switch mortgage. I'm on a fixed rate due to expire in 1 month so I said to myself I will change provider for a lower rate and start the ball rolling so I will be in a position to move when my fixed rate is up. After sending in the mountain of paper work I get a response "declined". I say that's strange because on paper i'm very good. The logical person would suggest that maybe it was an issue with my CCR or ICB but no.
I am with my lender 11 months and not 12 months is the reason I was rejected. I say to them can you not just put in a pre condition that I can't drawdown until 12 months? They say no, come back when you are with you existing bank for 12 months and we will look at the application. Do I have any grounds for a complaint here? For me to wait until 12 months means that I revert on to a higher variable mortgage for at least 6 weeks while I am going through the mortgage process.
It's just mad, one would wish someone in the mortgage department would have an ounce of cop on.
I am with my lender 11 months and not 12 months is the reason I was rejected. I say to them can you not just put in a pre condition that I can't drawdown until 12 months? They say no, come back when you are with you existing bank for 12 months and we will look at the application. Do I have any grounds for a complaint here? For me to wait until 12 months means that I revert on to a higher variable mortgage for at least 6 weeks while I am going through the mortgage process.
It's just mad, one would wish someone in the mortgage department would have an ounce of cop on.