Giving permission for a building society to increase your mortgage rate by 1 1/2 % because the p

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M
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My building society has sent me a form to sign giving permission for them to increase my mortgage (now on SVR but previously fixed for 3 years at 6%) The society previously allowed me to let the property in which I had lived in for 5 years but then had to move abroad for work, with permission for the last 3 years but now they are making this demand, the asking permission makes me wonder if this is correct as I have the initial agreement which states that the mortgage would remain on SVR for the remainder of the term - another 3 years.
Would be gratelful for views/experience thanks
20/09/2011 00:00

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