Intelligent Finance changes terms on Mortgage ContractMake Text Bigger
I have a residential offset mortgage with Intelligent Finance (IF).
I took this specific mortgage out as it had specific features that appealed.
- The offset worked from money held within your bank accounts
- Throughout the term of the mortgage you could apply to draw down on the equity built up (subject to some affordability rules)
- The mortgage is portable.
However it’s seems that IF have decided to change the mortgage contract and have withdrawn both feature 2&3 without my agreement.
Are they allowed to just change the features of the mortgage to suit themselves?
Has anybody else experienced similar changes by lenders?
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