Landlords will now wish to take on the Bank of Ireland and the Skipton who have in the past got away with similar hikes. These lenders should now without delay pay back borrowers similarly affected by their own interpretation of clauses in the small print of their mortgages. If they don’t, I am sure they will soon face a legal challenge too.
For all mortgage lenders, this case has sent a clear signal that they cannot simply dismiss the terms of a contract they have fairly entered into.
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