working mom
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Took out a tracker mortgage in 2007 , first 5 years at a fixed rate , then to conver to the tracker after the fixed rate period ended. However rang PTSB in 2009 and was allowed to break the fixed rate period without incurring a penalty. Looked over the loan offer last night and it states in the event of the applicant not requesting the tracker at the end of the fixed rate the mortgage will roll on to the tracker. However it also says in the special conditions no 5 applies in this case , I looked this up and it says at the end of the fixed rate period PTSB and the applicant shall have the option to convert to the variable rate without incurring a redemption fee.
I was nver offered the tracker at the end of the fixed period.
Anyone able to ad light on this , I'd appreciate it !
I was nver offered the tracker at the end of the fixed period.
Anyone able to ad light on this , I'd appreciate it !