Had feedback regarding my case with ombudsman.....had tracker mortgage, fixed after receiving unsolicited letters from bank offering their FANTASTIC fixed rates (naivelywas not aware of implications!!!) and lost tracker.
I included in my case the press releases found here about the Central Bank rules regarding fixing and implications for tracker mortgages , that banks had to explain clearly the implications of fixingto customer etc... None of this seemed to matter, seemed to be all one sided in my opinion. Not happy but nothing we can do unless I have funds for high court.....at least I tried!
I don't have a copy of the fixed rate change letter/form so I'm not sure if it says that I would switch to variable after the 3 years.
To the posters who had an option of SVR ,tracker etc and who ticked SVR,I cannot see how you could possibly be entitled to a tracker,you had the option and made a choice.
If you had been entitled to a tracker,but were not offered it,that would be a totally different scenario..
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