5 year fixed rate to a Ecb tracker variable rate @2pc

[millypark]

We just got our letter from the boi offering us five new terms of contract.... The biggest one of interest and suprise is that they have offered us a Ecb tracker variable rate at 2pc but interestingly we have scanned our agreement and there is no sign of the condition in our contract...... This offer is like a dream come true but can anyone explain it to us????

 

[Guns N Roses]

You won't see the term "tracker" in your Terms & Conditions. It'll be worded something like "ECB +/- xx%".

I won't even think too much about it. You can be sure that tyour Bank won;t be offering you a Tracker Rate if it wasn't in your T&C's.

Sign it and get it back to the Bank! ;-)

 

[millypark]

Well that's what I was thinking too..... Thanks for that