monkstownman
Registered User
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- 12
However, I believe that a few institutions have - particularly in the last number of months - put clauses in their letters of offer allowing them to vary even existing trackers if Euribor, the interbank offer rate (which is generally the banks' cost of funding), exceeds the ECB rate plus your tracker margin. If that occurs, the rate you're put on may then track Euribor.
Do you know for definite that any lenders have done this? Which ones? If not - what makes you "believe" it?
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