Did you take it out with a broker or with the Bank itself?. The flyer only impacts you If you took your mortgage out with a broker. The Flyer Itself was released in nov 06 to Feb 08.Application began in Oct 2006, outstanding legals, valuation etc required in Nov. 2006, loan offer Nov. 2006, drawdown Dec. 2006. When was this flyer released? Do you think i was entitled to move to tracker rate after 3 yr. fixed was up? Tks
KBC are basing it on application date so if your application was signed before 1st of Nov they will deem you not impacted because they believe the flyer couldn't have influenced your decision. But you would have been in contact with your broker on a regular basis after that. A few others are like you on this thread.Should i not expect to have moved to a tracker rate after the fixed rate ended if the flyer said it?
The nearer you application is to the 1st of Nov the stronger your case will be as you would have been in constant contact with your broker whole the flyer was issued so anyone who took out a Mortgage at that time with a Broker has a good case. My advice to you is get in contact with P.Kissanes office.. The application date of any loan is irrelevant. Its the loan offer date or draw down date thats important as things can change in the meantime.
So the month Nov.2006 I got the offer letter was the same month this flyer was released? Is there something i am missing?
KBC are basing it on application date so if your application was signed before 1st of Nov they will deem you not impacted because they believe the flyer couldn't have influenced your decision.
The application date of any loan is irrelevant.
@Tipptop2 With all due respect, your opinion on the application date being irrelevant is immaterial. KBC have stated their assessment for the basis on reverting to the tracker is based on application date. Their view (wrongly in my opinion) is that you had made the decision to apply to KBC at this point and therefore the existence, or not, of any flyer was immaterial to your decision. My personal view if loan offer issue date/loan offer signature is more relevant - along with any other parallel applications you may have been processing at the time.The nearer you application is to the 1st of Nov the stronger your case will be as you would have been in constant contact with your broker whole the flyer was issued so anyone who took out a Mortgage at that time with a Broker has a good case.
Im in a similar boat, deemed unimpacted as original application went in before the flyer. However I signed months later and changed to a fixed from a tracker with the flyer being relevantThanks all. I have already made contact with P. Kissane. I would encourge anybody else in a similiar situation to myself to do the same. Can anybody say what date exactly did KBC release this famous flyer? Tks
Loan offer Nov. 2006.
@Tipptop2 Can you clarify what date in November 2006 you received and signed your loan offer?The flyer was dated 7/11/2006
I think this is important in your case and I assume you have kept this documentation to show you had it available to you at the time?I had a mortgage offer from another financial institution
That is fair enough, and I think you need to raise a formal complaint to KBC to get them investigate this. However this assumes that your offer was signed AFTER 7th November. If it was signed on or before that date, the above comment would be ignored (rightly, since the flyer did not exist).chose KBC and this may being on the strength of the broker telling me about the flyer.
With all due respect to everyone here, and in particular those who have been fighting KBC on this for year via the FSO and other groups, can I ask what steps you took to address this prior to this?his is why i find it disingenuous that I was not put on a tracker as the flyer states and KBC were using as a selling tool.