Hi, we were hoping to use loan portability as we are selling our house and as I'm not working at the moment we can't 'afford' a loan according to the bank- despite paying the mortgage on the reduced income for 8 months without a drama.
The loan we signed up for had portability, but now the bank says it is no longer a portable loan. So we have to discharge it and pay the deferred est fee. Is this legit - can they change the nature of the loan like this???
Cheers, Ishenka