C
Ciaran2010
Guest
Hi,
I have a mortgage with KBC and got a letter on Oct 2009 saying that our 2 year fixed term was up (5.26%) and we were now on a rate of 2.25%.
This letter makes no reference to whether this is a variable or tracker rate but our original offer letter stated we would move to a variable rate once the fixed rate term was up.
But their current variable rate is 3.6%, and from what previous posts on this and other fourms were saying my 2.25% would equal the tracker rate of 1.25% on top of the ECB rate of 1%.
Could they have moved us to a tracker without telling us? If it’s a mistake could they look for back payments? I haven’t contacted the bank in case it’s a mistake on their part (I should be so lucky…)
Thanks
Ciaran
I have a mortgage with KBC and got a letter on Oct 2009 saying that our 2 year fixed term was up (5.26%) and we were now on a rate of 2.25%.
This letter makes no reference to whether this is a variable or tracker rate but our original offer letter stated we would move to a variable rate once the fixed rate term was up.
But their current variable rate is 3.6%, and from what previous posts on this and other fourms were saying my 2.25% would equal the tracker rate of 1.25% on top of the ECB rate of 1%.
Could they have moved us to a tracker without telling us? If it’s a mistake could they look for back payments? I haven’t contacted the bank in case it’s a mistake on their part (I should be so lucky…)
Thanks
Ciaran