Did you email them? You should get a response within 48hrs. They will confirm if you're within the review. BTW I am in the same position albeit a 2007 account and we are in the review.. I'm not optimistic though it's interesting and frustrating at the same time.
The now infamous communication which states that all fixed roll onto trackers is at the time we took out our mortgage, however kbc say we are in the review as our first loan offer contained a capped tracker.. unfortunately we didn't sign it and went with fixed. Costly error
Hi DamC82
I don't believe you are in the review because you were offered a capped tracker.
I believe its the timing of your contract, you are in the review because your fixed rate said;
"At the end of the fixed rate the " Lenders prevailing variable rate" will apply. (no Standard Variable Rate at the time). It was confirmed by Padraic on 6 o'clock news yesterday that the Standard Variable Rate was the tracker. In other words there was no Standard Variable Rate, the Lenders prevailing variable rate was the Tracker.
We know that KBC rolled X amount (I believe to be 601) of these very same contracts back to the tracker in 2010. I believe these accounts are the ones that Verbraeken mentioned when he was in front of the Oireactas a few weeks ago when he said "KBC had done more than the other banks in 2010 in other words they rolled those accounts back to trackers when the other banks with the "prevailing variable" didn't )
There are obviously various reasons why some people didn't "roll to tracker"and this is where the gloves are off! Padraic believes the amount of accounts effected are 26,000 (all banks) plus and I believe this is where the argument is at the moment.
However, they cannot have one rule for those 601 accounts and not apply this approach to the others.
There could be reasons why KBC did not roll you to the tracker, maybe other arrangements were made after 2010 on the accounts where they told you you would move to the Standard Variable Rate (SVR) but this may be down to the individual accounts to sort. (example the cohort that they have said are not impacted i.e. went onto interest only and they specifically stated that you would lose the tracker, or the Fixed Rate Agreement where you would revert to the Standard Variable Rate.