I have a similar question Brendan, I bought as a first time buyer in 2005 with ulster bank. I was one who was on a tracker and as advised changed to a variable. Repayment went through the roof.
Life moved on and my husband and 2 children moved to a better location but due to repayment on first house and negative equality , we had to be somewhat cautious in our move and could not stretch to a bigger house. It then transpired that I was one who was replaced back on the tracker due to “ambiguous and confusing terminology” . This applied to my first house. Obviously this was great but it all happened after we bought our new humble home , mortgage is variable with kbc.
My question is can I transfer this tracker from house 1 to my current home. I intend on selling house 1 soon as it’s hard to make end meet with management company fees and tax etc. Value has risen on it . I’ll never meet what I paid for it but I’ll be doing better.
Also if I have a leg to stand on who do I liaise with as dealing with different banks. I’m very keen to get clarity Brendan
Many thanks
Life moved on and my husband and 2 children moved to a better location but due to repayment on first house and negative equality , we had to be somewhat cautious in our move and could not stretch to a bigger house. It then transpired that I was one who was replaced back on the tracker due to “ambiguous and confusing terminology” . This applied to my first house. Obviously this was great but it all happened after we bought our new humble home , mortgage is variable with kbc.
My question is can I transfer this tracker from house 1 to my current home. I intend on selling house 1 soon as it’s hard to make end meet with management company fees and tax etc. Value has risen on it . I’ll never meet what I paid for it but I’ll be doing better.
Also if I have a leg to stand on who do I liaise with as dealing with different banks. I’m very keen to get clarity Brendan
Many thanks