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Tracker motgage question.

  • 20-02-2009 4:27pm
    #1
    jarvis
    Registered Users, Registered Users 2 Posts: 1,497 ✭✭✭


    Hi all

    Hope someone can helpme out here:
    I transfered my motgage to a new provider in March 08. I was on a tracker mortgage of ECB+0.75%.
    While on the internet the other day I noticed it said it was a discount rate. I rang the bank and they said the discount period finishes on March 8th and then I can decide between a tracker of ECB+2.5% or I could just go variable which would work out cheaper for me!!!

    I explained to the guy that obviously they are trying to desuade me from the tracker option so ECB rate cuts don't have to be passed on with variable accounts etc...

    My question is:
    I didn't spcifically ask for a discount when I bought the product last year. Surely if I got a discount, once the discount is over I should revert to the tracker rate on offer at the time????

    Is this the case as I'm sure tracker mortgages were cheaper at the time and now I'm not sure if they're even still on offer from this bank to new customers.

    do I have a case?

    Thanks


Comments

  • #2
    rameire
    Registered Users, Registered Users 2 Posts: 4,241 ✭✭✭rameire


    id check your loan offer,
    but i would say that you are only able to get the tracker available now, and not what was on offer when you drew down.

    🌞 3.8kwp, 🌞 Clonee, Dub.🌞



  • #3
    ball ox
    Registered Users, Registered Users 2 Posts: 699 ✭✭✭ball ox


    jarvis wrote: »
    do I have a case?

    Thanks

    No. Unless your letter of offer says otherwise.


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