so just to clarify, when you made the overpayment the whole loan was fixed or variable? I am gathering from above it was fixed.My issue then is the 50k payment was taken off the 1/3 now due to return to tracker. Surely I can have that taken off the 2/3 portion?
Told versus in the mortgage agreementWe were definitely told at the time of overpayment we could withdraw again in future if necessary so I will look into that.
When you say you were only offered fixed or variable again, was this in writing? Do you have a copy of the documents? Did you ask about the possibility of a tracker etc?After 2 years in March 08 I was only offered fixed again or variable for whole loan amount
I am wondering if all customers who call into the explicit dates they gave to the committee will be resolved by 1st March, and those around it will take a bit longer.This is most unusual and contradicts KBC's evidence to the Oireachtas finance committee where they made it clear that they had conceded on all accounts deemed impacted and all rates would be rectified by 1st March.
At the end of the fixed period 2006-2008 they just sent me a fixed rate instruction form with the available fixed options. I enquired as to the alternative to fixed and was quoted the higher variable rate so I fixed again.If you fixed in March 2006, you have no entitlement to automatically roll onto a tracker in March 2008, even if you went through a broker. The whole thing with the infamous flyer is focused around the November 2006 to February 2008 dates.
Obviously if your mortgage agreement states you can roll onto a tracker once the fixed period ended, then you have a case if you were not offered one.
In March 2008 KBC were still offering trackers. However, if you were not offered one as the available options at that point, then you may have a case (others can comment on that cohort), but I would imagine there was some level of onus on you to ask for one. If you asked for one and were refused, then that may be a different case.
When you say you were only offered fixed or variable again, was this in writing? Do you have a copy of the documents? Did you ask about the possibility of a tracker etc?
I think everyone on this forum is absolutely delighted for you. Personally, I would recommend a little family holiday when the redress comes through (assuming finances allow it), just to try and put it all behind you. That and a nice bottle of wine !So relieved and a little emotional
Agree 100% with this, and there is absolutely no doubt some have put in storming efforts in pursuit of this. The name Padraig Kissane comes up time and time again, and I do think those who have been compensated against the odds should use their financial advice money to engage Padraig as some sort of compensation for the efforts he has put in. It is likely to enable the continuation of his work for other customers on the fringesThanks again to all on this forum and elsewhere who have worked so hard to achieve this.
Do you have this letter?At the end of the fixed period 2006-2008 they just sent me a fixed rate instruction form with the available fixed options.
Do you have that in writing or just a call? If you have it in writing, and KBC were offering trackers to other customers at the time, you should get an explanation as to why you were not allowed a tracker at that stage. My understanding is trackers were still available at that stageI enquired as to the alternative to fixed and was quoted the higher variable rate so I fixed again.
Again I can't see how if they should have offered the tracker on the 1/3 why they wouldn't have to offer it on the remainder as an option.
In my personal view, for you to be eligible for a tracker on 100% of the mortgage you have to prove someway that KBC blocked you from availing of a tracker on the mortgage in March 2008, either through misleading you about the options available or some other reason. You will need to go through the detail of your mortgage agreement and since its a split mortgage, likely to require some sort of professional advice on itI don't recall whether I asked for a tracker or not so I can't prove that part.
I am wondering if you could prove that trackers were freely available for customers who come off a fixed period in March 2008 and therefore you should have been offered one. You were not offered one and that may be your 'get out of jail card'. If you can prove you should have been at least offered one, but were not - you have the right to ask why etc. Whether this is enough, I have no idea..I don't have anything in writing unfortunately re the 2/3 portion being entitled to a tracker
I know phonecalls are recorded but I'd be interested to hear what others experiences have been.
I know phonecalls are recorded but I'd be interested to hear what others experiences have been.
Thats a serious bone of contention.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?