Hi
My redress letter states that I have to complete the Rate Acceptance Form within 6 months.
there are 2 options:
Option 1: Retain the current Tracker interest rate
Option 2: Transfer to the Standard Variable Rate (SVR)
Not sure why I have to complete this form. Surely the bank have to put me back to my original position. So why do I have to accept this rate?
Also, in completing this form, are you altering your original loan offer agreement?
Does anyone have any information on this?
My redress letter states that I have to complete the Rate Acceptance Form within 6 months.
there are 2 options:
Option 1: Retain the current Tracker interest rate
Option 2: Transfer to the Standard Variable Rate (SVR)
Not sure why I have to complete this form. Surely the bank have to put me back to my original position. So why do I have to accept this rate?
Also, in completing this form, are you altering your original loan offer agreement?
Does anyone have any information on this?