As far as I can see you will be offered a tracker. However at what rate! That's the question.
Lightening,In light of what you have said here. Do you reckon that we have any chance of a tracker. We signed contract for fixed rate in may 08. T+C stated roll over to prevailing rate, special conditions stated lenders homeloans renewal rate. Bearing in mind iib didn't withdraw the tracker product until July 08.
Presently we are still in scope
The funny thing,
In the last two weeks, Un the last month KBC Naas was ringing me to help reduce my variable rate which was a 4.25%
I have to use a KBC listed valuer, LTV below 90%,
I’ve just agreed a new fixed rate for 3 years @ 3.3% and availed of the .2% discount for opening a KBC current account.
The new rate is 3.1% APRC I THINK IS AT 3.55
I wonder will this have and bearing on weather I will be offered a tracker rate? If I’m to be offered a tracker rate at all.
Just a comment Derville Rowland is the main reason these boys are now starting to move.
Your comment on the 650 PHDs what is thecreadon they are offering the tracker, or do you know.
I am expecting to hear from KBC by 5th Jan.
This is a direct quote from ther lettervto me.
“We write to provide you with an update on the progress of your interest rate complaint with KBC BANK IRELAND, and can advise that our review of this matter is ongoing.
We will be in contact as soon as possible but in any event by 5th Jan 2018
The rest is just contact details of the person dealing with my case.
It is signed
Tracker Morthuage Examination
Dedicated Team
There is a persons name probably not a good idea to post here.
The new law, which will give the Central Bank the power to cap mortgage interest rates, could be enacted by the summer.
The legislative cap is desperately needed because there is a market failure at the moment. Variable mortgage rates here are almost twice those charged in the rest of the eurozone.
This means a typical borrower in this country is paying €200 a month more than someone in Germany or France for a €300,000 mortgage. Borrowers are also being fleeced on fixed rates.
Regulators and banks should now start to worry as the Central Bank (Variable Rate Mortgages) Bill, promoted by Fianna Fáil's Michael McGrath, has cleared one of its big hurdles.
@Rakitom
Why has not one new mortgage lender opened in the Irish market in the last 5 years when an obvious strong recovery was taking place.
Many looked at it, but not one could see how a profit could be made due to the way many people can take out a mortgage and then play a game of non payment for years.
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