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qftseriously, is someone can't be bothered to read the 3/4 pages of general conditions that apply to their mortgage ...well what can you do? You can hardly argue that solicitors should follow every rate change in the market and notify their clients accordingly!!
I know with BOI it is VERY clear
'The fixed rate of interets set out in this offer letter is the fixed rate which would apply if the loan was drawn down today. There is no gaurantee that the fixed rate so stated will be available when the loan draws down. The actual fixed rate that shall apply shall be the lenders fixed rate available for the fixed period
True enough, and probably well known to people who are well acquanted to the business of buying and selling houses.Standard practice tbh. The rate of your mortgage is always the rate on offer at the time of drawdown, not at the time of loan offer.
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