Winter Miles
Registered User
- Messages
- 19
With the recent media coverage with tracker mortgages I decided to investigate my own tracker mortgage rate.
It turns out that my initial loan offer in 2006 was 1,25% over ECB, IO for the term of the mortgage (37 years). Then in 2008 (approx) I fixed the mortgage for 3 years as the rates were increasing. It turns out I was put back on a tracker rate of 1.50%.
I have today requested a full data access request to see what the terms were. The chap in Pepper wasn't quite sure of the docs on file when I phoned to enquire.
Anybody have experience with this? Should I have gone back to the 1.25% tracker or did I give up this tracker rate when I fixed?
Thanks for reading.
Hi Georgie, did you contact bosi or has this come out of the blue? We have a bosi tracker which is currently on 1.5%, I have never done anything with this account as we were happy with the rate. I must dig out the load offer if we still have it.
hi
It came completely out of the blue. I dug out the original offer when we fixed. They stated I would go back on a SVR. No mention of the consequences of moving off a tracker. TBH at the time I didn’t really know what a tracker was. Original loan agreement before fixing of 1.25 has been reinstated and I guess I just wait to see what happens next.
Same question from me as I have an identical experience. I would appreciate a reply from the OP, as to how I can pursue this. Thanks a million.Hi Georgie, did you contact bosi or has this come out of the blue? We have a bosi tracker which is currently on 1.5%, I have never done anything with this account as we were happy with the rate. I must dig out the load offer if we still have it.
**Update** our loa says 'never more than 1.5% above ecb' so ours is correct. Hopefully your redress is paid quickly.
Hi - BoSI seem to be working to a timetable of the end of October to remediate or update customers on progress. No harm in contacting the bank to ask for an update on your account beforehand, via Pepper, as this may bring you to the top of their list to review and give you comfort it is being looked at. In terms of any further follow up, maybe wait and see what they offer you in terms of compensation. You can then appeal if not happy with the remediation.Same question from me as I have an identical experience. I would appreciate a reply from the OP, as to how I can pursue this. Thanks a million.
Same question from me as I have an identical experience. I would appreciate a reply from the OP, as to how I can pursue this. Thanks a million.
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