That's the unlucky cohort as the broker flyer had not being published and KBC seem to be fairly adamant that this group are not included as they never had a tracker nor any supporting communication to be able to expect a tracker or anything to give a specific tracker margin that could be called upon.The wording in fixed contracts pre November 06 was at the expiry of the fixed rate period the lenders prevailing variable rate will apply
No mention of home loans variable or home loans renewal
We have being told that we are not in scope
That's unusual because I rang kbc this morning and they said that they still reviewing my account. I fixed in June 08. They are giving this line with the past few months. I have the same special condition in my contract.Hi, I applied for my mortgage in jan/Feb 08 and drew down on the 6th march 08.my loan offer letter states in the last paragraph "At the expiry of the fixed rate period your loan will revert to I.I.B Home loans Rate.The I.I.B Home loans renewal rate is a variable rate and may be varied by the lenderfrom time to time in line with General market conditions....I rang kbc this morning and they said my account is not impacted. Do I not fit in with the Nov06 -Feb08 cohort of accounts?.
There is no continuity. We drew down in January 07. Fixed from start, wording in the contract states that prevailing rate will apply at the end of the fixed term.
I have been chasing them relentlessly since December , they will neither confirm or deny that we are included in the 650. Its demoralising I wish they would just confirm one way or the other so we can decide where to take it.
Anybody with the prevailing rate wording received a letter confirming deemed impacted?
Hi, I applied for my mortgage in jan/Feb 08 and drew down on the 6th march 08.my loan offer letter states in the last paragraph "At the expiry of the fixed rate period your loan will revert to I.I.B Home loans Rate.The I.I.B Home loans renewal rate is a variable rate and may be varied by the lenderfrom time to time in line with General market conditions....I rang kbc this morning and they said my account is not impacted. Do I not fit in with the Nov06 -Feb08 cohort of accounts?.
@DamC82 we applied to KBC directly in March 2017, drew down in Aug 2017 and received 5th Jan letter deemed impacted.
fixed for 3 years, contract says 'lenders prevailing variable rate will apply'
would KBC just have taken a sample of mortgages drawn down during the dates and those who received letters might not actually have a case; its all investigatory at this point. I'm wouldn't be surprised if we got a letter to say actually we got it wrong, your mortgage is as it should be.
did some else mention it was to do with Loan to value ration?
would KBC just have taken a sample of mortgages drawn down during the dates and those who received letters might not actually have a case; its all investigatory at this point. I'm wouldn't be surprised if we got a letter to say actually we got it wrong, your mortgage is as it should be.
did some else mention it was to do with Loan to value ration?
You didn't remortgage at any stage or anything, did you? No mention of tracker at all?? My contract says the same thing. I didn't use a broker either, but drew down in 2005. Still, if it's to do with that wording in the contract, how can they get away with fobbing those of us with 'prevailing variable rates' off?