Hi all,
I would appreciate an opinion on following scenario.
Mortgage taken out in 2008. mort type: Disc Tracker Further Adv Homeloan.
Tracker rate applied for 12 months and in Nov 2009 a letter issued with various rate options, after which the standard variable rate was applied. I do not have a copy of the rate options provided but the recollection is that a very high margin quoted on the tracker option, leading to variable rate being selected.
two queries: 1) as a rule of thumb, had PTSB stopped offering tracker option on rate review option letters in late 2009 or had they been quoting very high and onerous margins on the tracker option to push borrowers towards the SVR?
2) Is there a consensus out there that PTSB have correctly identifed all effected accounts on their tracker review?
thanks folks.
I would appreciate an opinion on following scenario.
Mortgage taken out in 2008. mort type: Disc Tracker Further Adv Homeloan.
Tracker rate applied for 12 months and in Nov 2009 a letter issued with various rate options, after which the standard variable rate was applied. I do not have a copy of the rate options provided but the recollection is that a very high margin quoted on the tracker option, leading to variable rate being selected.
two queries: 1) as a rule of thumb, had PTSB stopped offering tracker option on rate review option letters in late 2009 or had they been quoting very high and onerous margins on the tracker option to push borrowers towards the SVR?
2) Is there a consensus out there that PTSB have correctly identifed all effected accounts on their tracker review?
thanks folks.