Hi
There are 2 sets of terms and conditions that were issued for AIB tracker mortgages
The earlier terms and conditions does not specifically define a tracker mortgage and clause 3.2 which deals with what options are available at end of fixed rate does not specify right to option of returning to tracker
However clause 3.5 states the terms and conditions in the letter of offer should apply to a variable rate mortgage
If the letter of offer specifies the loan is a tracker with a margin of x% then surely this is what should apply at end of fixed term
The later terms and conditions pertaining to AIB trackers specifies right to option of return to tracker at end of fixed rate in clause 3.2
I have 2 questions
1. When exactly in 2005 or early 2006 did AIB change terms and conditions
2 has anyone on earlier terms and conditions who had a tracker specified in their letter of offer had their case addressed by current AIB tracker review
There are 2 sets of terms and conditions that were issued for AIB tracker mortgages
The earlier terms and conditions does not specifically define a tracker mortgage and clause 3.2 which deals with what options are available at end of fixed rate does not specify right to option of returning to tracker
However clause 3.5 states the terms and conditions in the letter of offer should apply to a variable rate mortgage
If the letter of offer specifies the loan is a tracker with a margin of x% then surely this is what should apply at end of fixed term
The later terms and conditions pertaining to AIB trackers specifies right to option of return to tracker at end of fixed rate in clause 3.2
I have 2 questions
1. When exactly in 2005 or early 2006 did AIB change terms and conditions
2 has anyone on earlier terms and conditions who had a tracker specified in their letter of offer had their case addressed by current AIB tracker review