AIB Fixed Rate Expired Contract says I can change to Tracker

I am currently paying a 3 year fixed Mortgage rate of 5.55%. THis is due to expire soon and according to my contract I have 3 options after the fixed rate expires.

1. New Fixed Rate
2. Variable Rate
3. Tracker

I want to change to the tracker option but I am just wondering if the banks can stop me doing this or if they can adjust the rate to suit themselves.

I would greatly appreciate your opinion on this before I contact the bank.

If its in your contract then they have to offer you a tracker. Does it say what tracker rate they should offer? If it doesn't state the margin over ECB they could offer a very high margin that won't work out any better than the SVR

nfreyne said:

I want to change to the tracker option but I am just wondering if the banks can stop me doing this or if they can adjust the rate to suit themselves.

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When your fixed rate ends, what does your contract say regarding the tracker option ?

Does it specify ECB + x % .
or
Our then tracker rate for your LTV.
or
Does it simply say a tracker rate.
or
Something different to the above, if so what exactly.

When you originally took this mortgage was it a variable, fixed or tracker rate ? if a tracker rate what was the original margin ?