In what way is the wording "wrong"? Do you mean it's morally wrong?That is first MFA when switching to the staff variable rate. NB. The wording is wrong on both MFAs
The key word being "IF". To the extent that a borrower is not converting to a tracker that provision is obviously irrelevant.The second MFA when switching to fixed states that IF converting to tracker at the end of the fixed rate period how the rate would be determined etc.
I don't agree that the wording has that meaning and I certainly like to think that I'm a reasonable person. In any event, my reading of the wording is not particularly important.Any person reading that MFA could reasonably assume they could convert to tracker at the end of the fixed period.
Have you considered testing your thesis in the courts? If you are so certain that your interpretation would prevail why haven't you sued BOI?