PTSB Mortgage, offered correct tracker rate?

brian

Frequent Poster
Messages
39
Hi,

Am I entitled to compensation over being offered an incorrect tracker rate?
I have contacted PTSB who have said no, but I wanted to double check.
Mortgage details:

Oct 2007: Draw down 2 year fixed rate
Oct 2009: Switched to tracker ECB+2.25% after fixed rate period elapsed

thanks in advance,

Brian
 

Brendan Burgess

Founder
Messages
37,953
I assume you had a contract that said you would be entitled to the then current rate when the fixed rate ended?

According to this post, the then current rate was 2.25%


So, I would say that you are on the right rate.

Some have argued that this rate is too high, but I have not seen any basis for their argument.

Brendan
 

brian

Frequent Poster
Messages
39
Thanks for your reply Brendan.

We verbally discussed ECB +1.25% at original drawdown.
I will request copy of original contract from PTSB to see if it has the lower rate.


thanks again,

Brian
 
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