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@peemac Many thanks for your reply. We are happy with the redress and compensation. The interest overcharged was 58k and our arrears back in 2015 were 32k before they were capitalised & restructured so the arrears were not in excess of the overcharge. KBC's redress figures show we underpaid...

Thanks @peemac Could I please ask for your opinion on our redress. According to the figures from KBC, they asked us to repay 145k between June 09 and March 18. We should have paid 113k but we actually paid 105k, so we underpaid by 8k. The interest charged in this time was 98k, they should...

It makes perfect sense to me - the looming warehouse bit. Before we were restored to our tracker, I had no idea how we would ever be able to pay the warehouse - hoping that slowly over time we could reduce the split to say 60/40 as our finances improved. We were stuck on a split in negative...

Confused now. Stay on the split or come off? I was joking about the cruise, sorting out the mortgage is our priority. We want to revert to a regular mortgage, no warehouse and correct credit rating. We are currently saving the difference in mortgage repayments per month.

Thanks for the advice Brendan. Yes, we did get compensation but we have some serious catching up to do - we plan to do some home improvements and park some for savings. Our house is literally falling apart after years of neglect. It is very comforting after years of financial hardship to have a...

Hi @steely1 Yes we have been restored to our tracker and received redress and compensation about 2 weeks ago. We drew down on a tracker in August 06 directly with KBC. We have a special condition in our loan offer that states we have a 0.95% tracker for the life of the mortgage. We fixed in...

Hi Brendan We have a 50/50 Warehouse split with KBC and have just received our redress and compensation. We were restored to a 0.95% tracker on our main mortgage. Our monthly repayment has reduced from 800 to 470 per month and we are in a position to meet the full repayment. We are no longer in...

Hi @Variable We borrowed 299k in 2006. We fixed in 2007 for 2 years and should have rolled to our tracker 0.95% in 2009.

Thanks for the reply. It is becoming a little clearer as I think about it a bit more. I asked KBC about the split and their advice was to let it settle for a few weeks before we change anything. Our repayment will reduce further because of the balance adjustment. It is better in the long run...

Hi, looking for some advice please - Delighted to received my redress and compensation from KBC today. We drew down in 2006 on a tracker 0.95%, fixed 2007 for 2 years and rolled to variable in 2009. In 2013, we ran into arrears (ca 32k). These were capitalised in 2015 and we were put on a...

I phoned KBC for an update on my account as today is last day for any changes to accounts for 1st March repayment. They confirmed there has been an error on my account and the 1st step to avoid further harm to the customer is rate rectification! As a result, my rate of 4.25% is now 0.95% They...

Morning all, I also phoned KBC this morning. I received a letter on 5th January confirming I was deemed impacted. The guy confirmed that our rate will be restored during February in time for 1st March payment. Further correspondence regarding redress and compensation will be issued by end of...

Hi We are pretty similar. Drew down in 2006 on tracker with 0.95% ECB condition for term of mortgage in loan offer. We fixed 2 parts in 2007 for 2 years and left 1 part tracker. Reviewed our mortgage statement again and it looks like in 2009 we decided to fix 2 parts again for 2 years as we...

Thanks again for your reply and help peemac. We will just hold tight for the next few weeks and see how it pans out.

Thank you so much for your reply peemac. The waiting game begins. I am wondering how the arrears on our account will be addressed and the 50/50 warehouse restructuring split that we entered into with KBC and also our credit rating. We almost lost our home.

Hi Is this the part in the special conditions of the loan offer - "The interest rate applicable to the loan identified on page 1 of the letter of offer is a variable interest rate and may vary upwards or downwards. The interest rate shall be no more than 0.95% above the prevailing ECB REFI rate...

Sorry, me again. Does any one know if the original terms of my mortgage are amended (i.e 0.95% above ECB for term of loan) when I signed the fixed rate form? Also I was not advised of the implications of losing my tracker when we fixed.

My loan offer also says in the event, or at any time the REFL rate is certified by the Lender to be unavailable for any reason, the rate applicable to the loan shall be the prevailing Home Loan Variable Rate. So confused :(:(

I don't have a copy of our fixed rate form when we fixed back in 2007 - is this where it will say what way my account will roll, either standard variable rate or lenders prevailing rate?? My original loan offer says the rate of 0.95% is for the full term of the loan. I only discovered I was in...

Hi. I think our case may be a little similar. I drew down in 2006 on a tracker, fixed in 2007 for 2 years. Rolled onto variable in 2009 and been on it since then. My original loan offer states my rate should be 0.95 above ECB, is your original loan offer similar? I also received a letter...