My Bank of Ireland contract doesn't mention a tracker. Could I be entitled to one after fixing?

Dougal

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I bought a house in 2003 with boi mortgage which was fixed at 2.99% for first 12 months, after which time I received a letter with 7 options including a tracker at 3.3%. If you didn't reply to letter (which i didn't) you were put on a 3.6% variable rate by default. Should the cheaper tracker have been the default setting? Have I any case to fight?
 
Do you have any reason to doubt that the default option (in the absence of any election on your part) was a standard variable rate as determined by the bank from time to time? If not, what case could you have?
 
You have to look at your mortgage loan offer.

If it said that you would default to the SVR after the fixed period, then you have no case.

In the very unlikely event that it said you would default to the tracker rate in the event of doing nothing, then that is what should have happened.

So unlikely you have a case, but do check the loan agreement to be sure.

Brendan
 
Thanks, no mention of tracker on original agreement so i guess im out of luck. Thanks for assistance
 
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