Looking for some advice.
I am currently in the final steps before drawing down an Investment Mortgage with Ulster Bank. The problem is that the rate goes up by a whopping 1.8% if it doesn't get drawn down before close of business on Friday.
Everything they require is in and the delay at the moment is that their legal department are taking an age to get to qualification sorted (the last time my solicitor was contacted for information was last Wednesday, so they have everything they need).
Every time I ring I get a different story about how long its going to take (everything from 2 to 10 days!), and at this stage I really think they are stalling so as not to give me the lower rate that was initially negotiated.
Does anyone have any idea how I could approach this so as to get the mortgage drawn-down process started by close of business this Friday.
I seam to be meeting an unhelpful and impenetrable wall every time I talk to either the branch or the mortgage team in Dublin. It seams the legal department is an entirely different entity and they cannot speed up the process (or at least thats what they are telling me).
If anyone with a knowledge of Ulster Bank procedure or even my rights in this situation could give me some advise I would be extremely grateful.
From,
One very frustrated bank customer.
I am currently in the final steps before drawing down an Investment Mortgage with Ulster Bank. The problem is that the rate goes up by a whopping 1.8% if it doesn't get drawn down before close of business on Friday.
Everything they require is in and the delay at the moment is that their legal department are taking an age to get to qualification sorted (the last time my solicitor was contacted for information was last Wednesday, so they have everything they need).
Every time I ring I get a different story about how long its going to take (everything from 2 to 10 days!), and at this stage I really think they are stalling so as not to give me the lower rate that was initially negotiated.
Does anyone have any idea how I could approach this so as to get the mortgage drawn-down process started by close of business this Friday.
I seam to be meeting an unhelpful and impenetrable wall every time I talk to either the branch or the mortgage team in Dublin. It seams the legal department is an entirely different entity and they cannot speed up the process (or at least thats what they are telling me).
If anyone with a knowledge of Ulster Bank procedure or even my rights in this situation could give me some advise I would be extremely grateful.
From,
One very frustrated bank customer.