ansteyfc
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GMAC Sold Mortgage Before Informing By Letter
ansteyfc posted a topic in Mortgages and Secured Loans
Hi all. I was with GMAC on a fixed rate which is coming to an end in oct. I had a letter telling me of my new rate when the fixed rate ends and was very happy with it. £900 reduction from an 8% to a 3.15%. Then i recieved a letter saying that my mortgage has been sold to webb resolutions which they can do as per terms & conditions but this letter was dated the same day as the sale. This means that it was sold 4 days before telling me. Is this legal? or should i have had notice of this?. Good job i did not pay this months instalment as it would have gone to the wrong company.
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