There were 4 repayment options:
1 Fix rate (preavailing Variable Base),
2 Tracker (for life of the loan, with option to change once without penalty to Fix rate Or SVR)
3 Easystep (deferred payment for first Year...)
4 Flexypayment (self build interest only).
I think there is no doubt that when you signed up to the mortgage, there were 4 valid options as you state above.
However, over time things change and not all were available and some got replaced by others.
This is no different to when I signed up for mine with BOI in 2011, there was fixed rate, variable rate (SVR effectively) and now there are LTV rates. Are you saying I should not be on a LTV rate because it did not exist when I signed up to my mortgage?
With all respect RedOnion I’m just curios because you seem very negative in all EBS threads.
Do you ever work with EBS or do you ever represent their interest?
Or maybe I’m wrong and you just try to advise people following on legal requirments.
To be fair to
@RedOnion I have found them to be very constructive on most of these threads.
In the post above he is asking to clarify a very strong statement made below and asking what is the legal basis for this statement. I think that is a very fair question.
here is a large volume of evidence available on line to back this up.
With all due respect to everyone on the thread, a large volume of online evidence means diddly squat here. We are talking about legal evidence as its likely this will need to go through some sort of arbitration to get resolved. The you said/I said does not really work here and people trying to put meaning on terms a decade after they were used is unlikely to work outside of a court.
If there is an issue with the terms of the contract and perceived misunderstandings with it, then you need to be talking solid legal arguments and not opinions on what it says. Of course it would have been much better if the documents said "tracker rate of ECB+1.33%" or "variable rate, no tracker" but they don't.