10 yrsSince 2011? How long did you fix for?
Mortgage in 07. Fixed for 4 years went variable for a while after the 4 years and made the mistake of listening to Eddie Hobbs and his interest rates will only go up fix for as long as you can quote.10 yrs
No, the redress scheme, as far as we understand it, will not affect the rate you are on now, you will not be offered a tracker rate or any other rate. You will be given 12% of the balance when they should have offered you a tracker ( looks like 2011) and the interest on that amount @ roughly 4% per year, compounded.Would the option to move to variable rate offered with the first round of compensation not still be available?
the interest on that amount @ roughly 4% per year, compounded.
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