Same as me but I have no mention of ecb margin or conditions specified. Have you?Hello all im brand new to this.
I received the letter last week "im in the scope and impacted......" Never taught I would be!!!
Here's my story. Drew down mortgage with IIB in 05 and fixed for 2 years. Then received letters advising me to fix again, so I did. Never offered or had a tracker.
Although I have found the wording in my contract "at the expiry of the fixed rate period the lenders prevailing variable rate will apply"
I dunno what cohort im in?????
Letter clearly says to "discuss this with your advisor before making any decision"Hi all,
New to this have been reading for awhile we drew down in late Dec 04 on a new business fixed rate for one year went through a broker. Always thought he had told us we could still go back on a tracker after this period never followed it up life I suppose got in the way foolishly. I got the letter last week to say we are impacted. Same letter as everyone else on this thread received. However I am in the process of restructuring due to financial issues. I don’t want to commit to anything now until I hear from them again have no idea what cohort we are in so confused by it all
You are misquoting Brendan Byrne.
He was talking about those who were on a tracker rate and fixed and were told they would revert to the prevailing variable rate.
The prevailing rate on their mortgages were trackers.
Lightening, considering we have "prevailing rate" text in our contract June 08, surely we have a good chance.
I fully agree that there was no variable rate generally available - but they still existed. But imagine going into a shop and seeing a bottle of coke for €1.99 and another identical bottle, but just with a slightly different label for €2.99 - same shop, same coke. Which one sells, which one is left there and ignored?Peemac even you admitted they, KBC, mentioned no variable rate in 2006 annual report.....
"Also interesting in their 2006 annual report - they mention trackers, capped trackers, switching trackers and discounted trackers. Not a single mention of any other type of mortgage rate available or offered. Plus plenty of guff about offering their customers the best rates and best options."
Oct 26, 2017
Your words.
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?