tracker mortgage ebs

[patrick68]

I've a mortgage with ebs and was always on variable rate..I rang a number of years ago when the loan to value ratio was high and advised that I was on a tracker already.i never dwelled on the matter and I'm paying the full variable rate since.Do I have any course of action.

 

[Sarenco]

It really depends what your loan contract says - do you have a copy?

 

[patrick68]

I've general conditions of ebs home loans.

 

[Sarenco]

Ok but the loan offer must say something about your mortgage rate.

Does it say anything about the rate tracking an ECB rate plus a margin?

 

[patrick68]

the loan was taken out in 2000 in Irish punt..think ecb came in some time after euri change over..don't see anything in contract..my main issue is that I rang when the loan to value ratio was high before the downturn and I was told that I was already on a tracker mortgage but this was not the case..it's probably a regulatory issue more than anything else..provision of wrong information by ebs. thanks all same.