Mortgage company put me on variable rate doubling my interest payments?Make Text Bigger
I have lost my job, because of the coronavirus lockdown recently. I had a two year fixed term on a BTL property with Precise Mortgages which ran out on 1st of April and instead of giving me a new fixed term (which they refused) they put me on variable rate doubling my interest payment.
I understand that it is their right to do so, but being in the middle of the coronavirus crises with no prospect of finding a job it is impossible to find a new lender.
I wonder if anyone else is in the same position and any advice will be appreciated.
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