Rate increase of .46%! That’s just rude.
I received a letter from my bank a few days ago, advising that my interest rate is going up a massive 0.46% without any story! Normally they provide a bullshit story with the letter to make it more palatable and entertaining but the banks have become so arrogant now they feel they don’t need to justify any of their actions.
The only segment of the industry that keeps them slightly accountable and on their toes are mortgage brokers, which is why they hate us. Make sure if you have received a disdainful letter like this from your lender you contact us at Switch Finance for a review and hopefully we can improve you position and teach these banks some manners.