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AIB: Fixed term ending, possible to revert to tracker at reasonable rate?

serendip · 2014-09-08 12:21:16

I took out a tracker mortgage with AIB in 2006. In 2007, I switched to a 7-year fixed rate. That term comes to an end next month. AIB have written offering a range of options, including a tracker. However, the tracker rate they're offering is ECB+4.91%, which is way higher than the original tracker rate. Has anyone here…

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08-09-2014 1:21pm

#1

serendip

Registered Users Posts: 287 ✭✭

Join Date: September 2009

Posts: 268

I took out a tracker mortgage with AIB in 2006. In 2007, I switched to a 7-year fixed rate. That term comes to an end next month.

AIB have written offering a range of options, including a tracker. However, the tracker rate they're offering is ECB+4.91%, which is way higher than the original tracker rate.

Has anyone here been in a similar situation, and managed to get the original rate reinstated? Is it worth pursuing this with the help of a solicitor?

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#2 08-09-2014 1:30pm
Trish56

Registered Users Posts: 1,256 ✭✭✭

Join Date: November 2012

Posts: 1244

Check your loan offer and see what the margin over ECB rate was. I think they have to honour this.

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