tracker mortgage were we entitled? where to begin?

M

Meath Lady

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Drew down a mortgage for a holiday home in 2000 fwith Bank of Ireland. Mortgage recently paid off. However partner appears to think we were on a diaburg rate? initially ( I think this is similar to Tracker rate). Definitely ended up on home loan variable at some stage. Should we have been offered Tracker? Where would I begin to find paperwork. Do I approach BOI or should I just forget about it. If approaching what do I look for. Unable to find appropriate paperwork at home. Any suggestions appreciated .
 
Euribor perhaps?, mortgage is paid off, you could have asked if a tracker was available to you, there was no onus on a bank to write to you and document that you were offered a tracker, to be honest your post sounds crazy.
 
He probably meant DIBOR? It was the Dublin interbank rate for Irish punts that was replaced by EURIBOR with the move to Euro.

If you did have one of these, it would have been at a fairly high margin as this was before the UK banks cut the margins that were being charged, so maybe at some point you switched to another rate?
 
Dibor rate maybe he means. Anyway were there trackers in 2000? If so they may not have been available for but to let mortgages. Ship has probably sailed on this one!
 
Do a subject access request with BOI and they will send you all of your paperwork but as the guys stated it doesn’t look like a tracker
 
Tracker mortgages did not exist in 2000. You can't have something that did not exist. - So zero chance you are impacted.
 
Ibor rates on Homes /PDH's (as opposed to Commercial) have been deemed inscope per Central Bank as far as I am aware.
 
Was DIBOR manipulated by the banks ?

LIBOR was, but surely our banks would not have stooped so low.
 
nonie said:
Ibor rates on Homes /PDH's (as opposed to Commercial) have been deemed inscope per Central Bank as far as I am aware.
Click to expand...
best not to give incorrect information to a poster who could start a wild goose chase - there was simply no such product in existence as a tracker in 2000 with any bank for any loan. You simply cannot have what did not exist at the time.
 
Many business loans had interest rates linked to Dibor and Euribor. And long before trackers on family homes first hit the market.

I would be surprised if the OP's loan had been linked to Dibor, but as it was for a holiday home, it's possible.

It's a long shot.

No need to do a Subject Access Request. Just ask the lender for a copy of your mortgage agreement. That would be much quicker.

Brendan
 
Many thanks for all the contributions. I will request a copy of my mortgage agreement for my own peace of mind.
 
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