It would make no difference as there was no tracker available when you took out a mortgage.Yes perhaps you are correct (most likely so) the term "Prevailing interest rate" just confuses me however -did this mean a standard variable rate? And if so why did they not say that in them exact words as in our following letter after our fix rate was over. It's just a bit confusing
Even saying prevailing rate and saying the rate from November 2008 applied, that would be the Standard Variable Rate / Home loan rate that applied then and which can move up/down at the bank's will.
Unless you have somewhere that it would follow the European Refi rate at a fixed % over, then there is no possibility of being an impacted customer.
Most impacted customers took mortgages out between 2003 & 2007 when trackers were the standard offering.