Mortgage Advice?

Posted by admin
Lee asked:

I have signed a mortgage in principal agreement with my mortgage advisor to get a mortgage which at the time was the best on the market. However, as it took about a month for the actual mortgage offer to arrive, the interest rate on the offer has increased, and would work out to cost us about £700 over the lifetime of the agreement. This is despite the mortgage advisor guarantee us upon signing the mortgage in principal agreement that the rate was then secured. What can I do about this and who can I complain to?

Question posted courtesy of: Jane
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    • This entry was posted on Thursday, April 17th, 2008 at 11:41 am and is filed under mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    3 Responses to “Mortgage Advice?”

    1. gulfstream_five_fifty Says:
      April 17th, 2008 at 11:36 pm

      The statesdepartment of commerce uk should have something simular.

    2. gandhi1078 Says:
      April 20th, 2008 at 3:34 pm

      The origanal rate as youve signed tell him you want the origanal rate as youve signed tell him you cant as stated.

    3. Jon H Says:
      April 21st, 2008 at 12:40 pm

      Mortgage broker from edmonton alberta over here you have guaranteed rate hold on closed mortgage this can be done.
      The governing body for mortgage advisors in the uk then would look at who is the uk then would look at who is the uk then would complain about your mortgage advisor to 120 days if you would look at who is the governing body.