Little Joe
Registered User
- Messages
- 22
Following a review of my buy to let interest only mortgage, I discovered the interest rate was 0.50% higher (5.25%) than the rate for new business (4.75%). I queried this and lender told me that the margin they charge had reduced some time ago and the rates charged are now the same as home loan rates. Lender adjusted the rate I was being charged there and then by 0.50%, but I was told that nothing can be done retrospectively.
Is this normal or should I pursue further?
Is this normal or should I pursue further?