Kbc are in front of the committee next week why don't you put that question to them via the politicians!
We have seen they have written the wording rolling to "Standard Variable Rate" into some fixed contracts during this period, they have also used the wording "Home Loan Variable Rate,".
Then there is the "lenders prevailing variable rate" which is the same interest rate wording describing the interest rate in my tracker loan offer with the margin set in the special conditions an addendum to the main offer.
Those fixed loans with the lenders prevailing variable rate the margin is set in the broker communication. Outside of the flyer dates it's a grey area that needs to be investigated.
My thoughts exactly Lightening, question needs to be put regarding people with same contract condition's,same time frame being impacted and others not.
I was told that I am not within the 650 PDH Nov 06-Feb 08 as I applied in July 06. are you within this time-frame?
Any email I've received has had headed paper on it. In relation to the answer they gave you i cant see that standing up with the Ombudsman!.Just looking at email KBC sent in reply to complaint. They quoted the homeloan prevailing variable rates from 05 to late 08 and these rates followed the ecb rate exactly 1.25 over it, month for month upwards. But they kept going on as ecb fell. This margin of 1.25 didn't vary. Has to be said that the answers to my questions were really poor and have gotten back looking for more off them. Also I ask again do the banks always use headed paper in correspondence and signature block to identify the signatory.
Or did something happen with the meeting with P.Kissane yesterday......it was the first time he has spoken with kbc. There is 56 dispute cases at the moment over been deemed not impacted.Emails on Saturday. Circling the wagons. I think they are shaping up to put it all to bed and move on.
Mccoypat94 I was within the time frame I applied in jan08 and they told me my contract said I was to roll on to an s.v.r after my 2 year fixed! the words standard variable rate is nowhere to be seen in my loan offer letter!. Another guy when i rang said that private dwellings cohort of 650 was from 1000's of accounts in that period. Everyone else thought it was every new applications. In my experience they are full of bull!!.There will be a lot more than 56 disputed cases next week on I'd imagine. Mine included. Many like me have only been notified in the last couple of days that they are deemed unimpacted.
I will be lodging my complaint on Monday and I believe I have a case having examined the paperwork and correspondence.
Manipulation of the date parameters is outrageous behaviour, it's my view that an application process is incomplete until all paperwork is signed and sealed with the legal eagles, not when an initial application is submitted. Any views?
Mccoypat94 I was within the time frame I applied in jan08 and they told me my contract said I was to roll on to an s.v.r after my 2 year fixed! the words standard variable rate is nowhere to be seen in my loan offer letter!. Another guy when i rang said that private dwellings cohort of 650 was from 1000's of accounts in that period. Everyone else thought it was every new applications. In my experience they are full of bull!!.
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