Got a letter from Ulster Bank last month detailing changes to their mortgage system, mostly just changing account numbers and enabling changes to date of repayment.
They say that my tracker rate will not be affected but
I know that the only way is up for the ECB rate, but I have a long time to go on the mortgage and there could be many fluctuations in the future so I wrote to them and informed them that I
do not consent to any changes.
The letter did not allow for any possibility of refusal which I thought extremely presumptuous of them. We've had a long history of Ulster Bank messing up so I'm very uneasy that they seem to think that they can make any changes without even asking for consent.
Did anyone else respond to the letter?
They say that my tracker rate will not be affected but
"The only thing that will change is the date any European Central Bank (ECB) rate changes are applied to your account. These rate changes are currently applied within 10 days of the effective date of an ECB announcement. Once the system changes are implemented, the rate change will be applied on the first of the following month."
I know that the only way is up for the ECB rate, but I have a long time to go on the mortgage and there could be many fluctuations in the future so I wrote to them and informed them that I
do not consent to any changes.
The letter did not allow for any possibility of refusal which I thought extremely presumptuous of them. We've had a long history of Ulster Bank messing up so I'm very uneasy that they seem to think that they can make any changes without even asking for consent.
Did anyone else respond to the letter?