Defective Loan Facility Agreement

[sanjtheman]

Hi All

I have a loan facility agreement from a mortgage lender which is defective in two major respects

1. Interest rate in the agreement is defined "as per table 1 below". Problem is there is a table but is not labelled table 1

2. Interest rate in table says rate is base + 1/50% but i have been charged base + 1.5%. Base + 1/50% is 0.02%

Lender is arguing loan agreement was wrong due to human error but I have another agreement a year earlier with same "mistake". Also it is arguing 1/50% equals 2%

Can any someone advise me whether I can set aside the loan agreement

Thanks

Sanjay