AllAboutNumbers
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Need to tell us what was on Letter of Offer
Is it to your advantage or detriment is the issue
W
I'm on the same UB 4yr fix. It was clear to me that it was a little over 4 years. I suspect your complaint will go nowhere.
UBs fixed rate offers all have a set date - which they update a couple of times a year - for when they expire. Methinks it's just how their system works. I don't think they are trying to deceive anyone. If you look at their current 2 to 10 year fixed rate offerings the end date is explicitly stated. Anyone can see that if, for example, they take out a 2 year fixed today it will run for a little under 2 years 3 months https://digital.ulsterbank.ie/personal/mortgages/mortgage-rates.html#resfixed
UB have been that way for years, each fixed rate offer is like a set tranche that expires on a set date.
I'm in this exact same boat, signed up for a 4-year fixed in April 2018. Called them yesterday to see how much it will cost to break the contract as it might be worth switching, especially in light of the UB closure. Great timing, thanks for the update!
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