Grock1982/peemac
I disagree with this! You need to know the cohorts thoroughly to understand.
· c. 650 PDH (Private Dwelling Home) mortgage accounts are now also identified as impacted. These related to new mortgage applications in the period November 2006 to February 2008 that drew down their mortgage on a fixed rate with a roll off to a standard variable rate. While these customers were never on a tracker rate, KBC has decided to offer these PDH customers a tracker rate product if the account is still open.
I spoke with kbc and they confirmed that trackers were available up to July 08. They said that we are still in scope as opposed to not affected.
The team are dealing with batches of accounts at a time and maybe just about to or in the middle of dealing with our account at the moment. We may have a chance yet!!!!
Do you have such a case?Does this mean if you had a tracker and switched to a fixed rate in august 2008 that you are deemed not impacted?
- c. 1,907 mortgage accounts that converted from a tracker rate to another rate product post drawdown up to the period July 2008 are now identified as impacted.
Surely they can't get away with this?
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