I have just received a letter from Ulster bank stating....
"Following an internal review, we have reason to believe that the mortgage detailed above relates to a rental property and not your primary residence."
They are asking me to fill out a form confirming that one of my properties (that was my old home) status has been changed from primary residence to a rental property. (This is true)
The letter goes on to state that ....
"We now have updated our systems to reflect this change (even though i haven't filled out the form yet). This change will not impact on your current mortgage arrangement and payment"
Put quite simply I dont believe them!! and am concerned that this is the first step in an attack on investment property tracker holders.
Do I have reason to be concerned?
"Following an internal review, we have reason to believe that the mortgage detailed above relates to a rental property and not your primary residence."
They are asking me to fill out a form confirming that one of my properties (that was my old home) status has been changed from primary residence to a rental property. (This is true)
The letter goes on to state that ....
"We now have updated our systems to reflect this change (even though i haven't filled out the form yet). This change will not impact on your current mortgage arrangement and payment"
Put quite simply I dont believe them!! and am concerned that this is the first step in an attack on investment property tracker holders.
Do I have reason to be concerned?