M
mercman
Guest
I have an interesting case in relation to a Tracker Mortgage, where in 2008 I was remortgaging a property for Commercial purposes and I was offered a mortgage on a Tracker rate. However, with all the legal paperwork for the reason and the remortgage, I missed the expiry date by two days and therefore drew down the money on an SVR Mortgage. I questioned this for a couple of days, but was told the Bank were no longer doing Tracker products. However I know of persons who have many older mortgages but when their period of fix expires they automatically go on to Tracker mortgages. The same bank that :I used have plenty of customers that have ended their fixed time periods but are now on trackers. Also in my case the SVR mortgage has increased by €700 per month for the last 5 years. Is this worth contesting as the same Bank declined me a mortgage on a tracker but issue mortgages on new trackers to others. As a point of note I have never missed a repayment in this particular case or on any of my commercial property loans. Opinions please.