KBC KBC - infamous flyer timeline

unfortunate

Frequent Poster
Messages
138
But will they ever explain their prevailing rate issue or explain the flyer statement that "ALL, (capitals used on flyer, that seems to me to be emphasing all customers regardless of whether they are new or existing) can now avail of tracker" as opposed to the new tracker they advertised on same.
 

Jazzer1

Frequent Poster
Messages
147
Mccoypat94 we should know more come the start of March. Ombusman will be publishing 25 legally binding tracker decisions.
 

B26354

Frequent Poster
Messages
292
Can someone tell me who has been in scope for redress within this cohort? Has the flyer been identified as the reason for redress for new customers who started on a fixed rate within a certain time period? If so what was that time period & how many have been redressed?
 

Manor

New Member
Messages
7
Hi just quick question triggered by another thread. Has anyone got a letter from KBC between nov 06 and July 08 providing rate options when coming off a fixed rate, that included a tracker option to select as well as variable and other fixed rate options ? This is aimed at cohorts whose fixed rates expired during the flyer dates but had drawn down the mortgage before the flyer dates .
 

unfortunate

Frequent Poster
Messages
138
Hi just quick question triggered by another thread. Has anyone got a letter from KBC between nov 06 and July 08 providing rate options when coming off a fixed rate, that included a tracker option to select as well as variable and other fixed rate options ? This is aimed at cohorts whose fixed rates expired during the flyer dates but had drawn down the mortgage before the flyer dates .
Hot a letter just offering fixed and variable. No tracker rates. That was in august/Sept 2007.
 

Covid20

New Member
Messages
9
Hi ,

I have checked my file and can safely say that I did not get an 'options letter' when my fixed rate expired on my IIB / KBC loan, I went straight onto a variable rate of 4.85%.
 

Don007

New Member
Messages
7
Hi, I didn't get an options letter either up expiry of the fixed term, I was placed on a punitive variable rate
 

Manor

New Member
Messages
7
Anyone know if the FSPO is anyway near making decisions on cases linked to the flyer ?
 

Covid20

New Member
Messages
9
I think my case is connected to this flyer issue and am trying to piece together our file on this , is it still worthwhile to proceed here or is there an indication where the ombudsman is at with these cases?
 

Norahc

New Member
Messages
1
Hi I drew down Nov 2005 on 3 year fixed rate. Mortgage states at expiry of fixed rate lenders prevailing rate will apply. KBC saying I am not affected by tracker. Thoughts ? Where can I get this checked ? Any advice for next steps ..
 

peemac

Frequent Poster
Messages
727
Hi I drew down Nov 2005 on 3 year fixed rate. Mortgage states at expiry of fixed rate lenders prevailing rate will apply. KBC saying I am not affected by tracker. Thoughts ? Where can I get this checked ? Any advice for next steps ..
Unfortunately KBC are correct.

You never had a tracker or any promise of a tracker, and therefore no entitlement to a tracker.
 

demoivre

Frequent Poster
Messages
2,650
Unfortunately KBC are correct.

You never had a tracker or any promise of a tracker, and therefore no entitlement to a tracker.
That is not what Article 5 of the EU unfair contract terms directive says, at all.

You'd imagine that such supposed clear cut cases, that have been appealed, would have been decided by the FSPO a long time ago !
 
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