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

  • 08-09-2014 1:21pm
    #1
    serendip
    Registered Users, Registered Users 2 Posts: 287 ✭✭


    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?


Comments

  • #2
    Trish56
    Registered Users, Registered Users 2 Posts: 1,256 ✭✭✭Trish56


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


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