I agree, the tracker was 2.25% + ECB = 4.25% at the time. The variable was 4.05%. I decided to choose the tracker as was expecting the variable to increase. And it did. Still I got into some financial difficulties and am currently on a warehouse. If I had stayed on a much lower rate, this would not have happened. We are talking about E500 a month difference here.
Our loan doc had "prevalling rate" on it. When we were taking out mortgage thru broker Cornmaket, I had specifically asked what was the rate going to be above ECB rate when I came off the discounted rate. When i was speaking to person in PTSB he could see in emails where I had asked the question. This might be part of reason that I got the correct rate now.
Why would they put you on the rate iy +3.25%. They gaveyou this option already and you refused it. So by right you shouldn't even be in the review.
like I've said to previous posters I would ask, from what rate was your discounted tracker calculated from.
This can't be from the 3.25 rate as this rate wasn't in existence at time of offer.
I wouldn't be happy with this at all
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