I have a mortgage with Santander which was in areas last year. I payed this off in November and was then told that I would have to continue on their standard rate for a period of 6 months (to check that I am paying on time).
My intrest rate deal ran out in june but I was unable to switch to a new deal as I was in arreas .. I had to pay extra interest and charges which I accept as I owed them money ...
But I feel it is unfare to continue punishing me every month for the next 5 months as the interest rate I am stuck on is double what I would get if I changed provider or redid my deal.
Is this legal ?
My intrest rate deal ran out in june but I was unable to switch to a new deal as I was in arreas .. I had to pay extra interest and charges which I accept as I owed them money ...
But I feel it is unfare to continue punishing me every month for the next 5 months as the interest rate I am stuck on is double what I would get if I changed provider or redid my deal.
Is this legal ?