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AIB Tracker Mortgage Self-Build

  • 22-01-2018 05:12PM
    #1
    mobiledev
    Registered Users, Registered Users 2 Posts: 2 ✭


    I undertook a self-build in April 2008. The terms of the self-build loan were that once the build was complete I would be moved to a Tracker Buy To Let Mortgage on the completed house. As it turned out, once the build was complete in Oct. 2008, I was not offered this as the bank had stopped the Tracker product 10 days earlier. I was instead put on a fixed rate mortgage.

    i.e. I was offered one set of terms, built the house, and then was given a completely different set of terms.

    Is this worth pursuing? any thoughts, or any one have similar experience?
    Tagged:


Comments

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


    You should ring AIB with your account number and ask to be included in their Review. I presume that you have it written on your loan offer that the rate will change to tracker rate e.g. 1% over ECB on completion of the property.


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