Hi all,
I took out a tracker with UB in 04 - fixed in 06 for 3 years till April 09. I was never offered my tracker back when rates where sent out in April 09 - I was put back on SVR. I fixed again in 2010 and just this month rolled off fixed again.
I feel really stupid as wasn't thinking about the tracker issue while I was paying fixed and am only now realising that I should have been offered the tracker rate per my original loan agreement.
To say the last 5 years have been difficult is an understatement - the house is deep in negative equity and now we find out we are paying way above what we should have been paying.
The 6 years as stated in the consumer protection code passed in April 15 and I just wondered if anyone out there has approached banks outside this timeframe? If so - have you had any success and what tactics did you employ?
I understand that the 6 years have passed and that the bank could dispute a refund but it frustrates me that this means the bank get away with over charging me for the next 25 years.
At this stage I'm ready to hand the keys back to the bank and let them do their worst.
Thanks
I took out a tracker with UB in 04 - fixed in 06 for 3 years till April 09. I was never offered my tracker back when rates where sent out in April 09 - I was put back on SVR. I fixed again in 2010 and just this month rolled off fixed again.
I feel really stupid as wasn't thinking about the tracker issue while I was paying fixed and am only now realising that I should have been offered the tracker rate per my original loan agreement.
To say the last 5 years have been difficult is an understatement - the house is deep in negative equity and now we find out we are paying way above what we should have been paying.
The 6 years as stated in the consumer protection code passed in April 15 and I just wondered if anyone out there has approached banks outside this timeframe? If so - have you had any success and what tactics did you employ?
I understand that the 6 years have passed and that the bank could dispute a refund but it frustrates me that this means the bank get away with over charging me for the next 25 years.
At this stage I'm ready to hand the keys back to the bank and let them do their worst.
Thanks