Even if you are included in PHASE 2 will you accept the banks decision if they say you were not entitled to a tracker? I wouldn't.I had 'after fixed term, prevailing variable rate will apply' (at that time the prevailing variable rate was the tracker!) in my contract. Asked about this. Told I wasn't part of review, but then I received another mail out of the blue to tell me that my account has not been determined to be in scope at this time but that they have not yet concluded phase 2 of the review, and they suggested that I contact them again in the New Year if I haven't heard from them!! Can anyone make any sense of this? Does it look like I'll be part of Phase 2 review?
Thanks everyone. PJDCol, yes, I drew down in 2005 as fixed, but it stated in my contract when this term was up that I would go on to the prevailing variable rate (tracker). This did not happen. I have contacted Padraig Kissane who is going to look in to this for me. I just need to send him the paperwork.@Sanparom, Did you drawdown your mortgage and loan offer as fixed? I have friends in the same situation and they were also told they would not be in scope at this time of the review. I am looking at this for them and also submitted a complaint to the FSO for them. They have no further update but this may have changed in the last few weeks.
So looks like no one will hear anything until December!! Possibly Xmas week! Absolute torture for most people in the KBC review they have they no idea what they are doing to people. And those that do not hear from them that are in the review what a miserable thing to be hanging over them at Xmas.Horrible!Spoke to them this morning - if you haven't heard anything yet then don't bother giving them a call because they still know nothing at the Tracker team. They again read from the sheet that it will be concluded by year end.
So I asked will you actually be sending people out the letters Christmas week if they are successful or not and the answer was maybe yes - unbelievable!