After been stung with a fixed rate of 5.49% for the past 3 years, I finally got a letter from the bank confirming that I will switch to a tracker next month.
However, I noticed that two additional months have been added to the lifetime of the mortgage.
I know that in the greater scheme of things two months isn't a significant amount given that I'll be on a tracker. Nevertheless, I don't like those bankers receiving an extra cent which shouldn't be theirs.
Has anyone else encountered this i.e. extra time been added on?
I might call the bank but obviously I don't want to do a single thing that might jeopardize my tracker.
However, I noticed that two additional months have been added to the lifetime of the mortgage.
I know that in the greater scheme of things two months isn't a significant amount given that I'll be on a tracker. Nevertheless, I don't like those bankers receiving an extra cent which shouldn't be theirs.
Has anyone else encountered this i.e. extra time been added on?
I might call the bank but obviously I don't want to do a single thing that might jeopardize my tracker.