I got a quote for a new mortgage a few days ago from my bank. Thought it a good idea to go to our existing lender to see if they can offer us a better deal.
But because we overpaid a few years ago they won't even give us an illustration until they have repaid us the overpayment amt! Not even a few numbers to let us know roughly where we stand. So BM want us to go through the pallaver of requesting the money back, and having our mortage payments increase every month before they can even tell us how much they will lend us. Even though I've already got a quote from a rival lender.
Is that a bit mad?