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Old December 31st 09, 06:01 AM posted to uk.finance
In400metreskeepright
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Posts: 16
Default Can a bank change your mortgage rate?


"Rob Graham" wrote in message
...
Bombastic wrote:
I have a tracker mortgage taken out some time ago with The Woolwich
(Now Barclays). My rate is very low because it's a tracker and was
taken out when they tracked at base + 1.25%. I just got a letter that
worries me, it seems to imply that they are going to change the terms
of the agreement and put me on base + 4%. Can they do that?


Read your mortgage contract. That will tell you if they can do this.

Rob Graham


and don't bother looking at the large print, it will be in the very
smallest.


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