M
micra
Guest
Hi
Im new to the site and im just wondering if anyone could give me advice and help me on the following:
Im 3 years into my mortgage. After year 1 I fixed my interest rates for 3 years.
My loan offer states that i "must instruct the bank in writing" to fix my interest rates if I ever wanted this done.
Fixing my interest rate was agreed with the bank over the phone (a long story). Afterwards the bank wrote out to me confirming the fixed interest rate was in place.
I did not sign anything for the bank or write to the bank instructing them to fix my interest rates.
1) Is my loan offer a legal contract?
2) Is the letter the bank wrote out to me confirming that the fixed interest rate is in place a legal contract?
3) Does the letter from the bank overrule my orginal loan offer?
4) Because i never instructed the bank in writing to fix my interest rates can i get them to put me back on to the variable rate?
I want to break my fixed interest rate but i got quoted over €8,000.
I would really appreciate any help and advice that i can get on this matter.
Thanks
Im new to the site and im just wondering if anyone could give me advice and help me on the following:
Im 3 years into my mortgage. After year 1 I fixed my interest rates for 3 years.
My loan offer states that i "must instruct the bank in writing" to fix my interest rates if I ever wanted this done.
Fixing my interest rate was agreed with the bank over the phone (a long story). Afterwards the bank wrote out to me confirming the fixed interest rate was in place.
I did not sign anything for the bank or write to the bank instructing them to fix my interest rates.
1) Is my loan offer a legal contract?
2) Is the letter the bank wrote out to me confirming that the fixed interest rate is in place a legal contract?
3) Does the letter from the bank overrule my orginal loan offer?
4) Because i never instructed the bank in writing to fix my interest rates can i get them to put me back on to the variable rate?
I want to break my fixed interest rate but i got quoted over €8,000.
I would really appreciate any help and advice that i can get on this matter.
Thanks