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Tricking Banks Will Only Get You So Far

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Another classic from MSE


When the new employee found out we were pulling a fast one they weren't happy.

Makes me sick the gall of some people. "Can we sue the bank for giving us three residential mortgages and then not giving us another one?" Fuknell. I want to seriously slap the cow.

We have just been told by the bank that they will not accept our mortgage because the two rented properties are not on buy-to-let deals (they are on homeowners) and that the only way they will process the mortgage (we are asking to borrow a further £106,000) is if we change these properties onto a buy-to let rate of approx. 7% but we still have to pay the redemtion charge. Surely they can't make us pay for their mistake?


I have actually just heard from the bank and now they are refusing to give us the mortgage, they are saying that they will keep the houses on the same rate but they will not give us the borrowing and we will have to go elsewhere and pay nearly £6000 in redemption.


Can you tell me, if we pulled all the houses out and went with another lender should the bank still get away with charging the redemption fees when its their fault anyway? Can we fight this?


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