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I stupidly signed on highlighted areas on mortgage forms that the adviser put before me, i was told i had bought a fixed rate mortgage. it turns out that i have a discounted mortgage, is it possible to get redress?

Doubt it. you signed it and it was up to you to check.you could try and prove that you were misled, but i think that would be impossible as there is no evidence for it. the only evidence is your signature on a contract stating variable rate.sorry mate!