Fixed Rates at KBC (IIB)

I know what you mean Pope, but I don't have the amount they are looking for to hand at the moment.
 
I know the tracker rates are gone but for customers already on them (me) do i stay indefinitely on a tracker until I fix or end my mortgage? Im a little confused now.
 
Soarer said:
Balls!
So does that mean the most up to date variable rate with KBC, obviously depending on what happens with the ECB tomorrow, is 3.99%? And places like AIB are currently offering 3.25%?
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NorfBank said:
Yes.
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3.99% is not the lowest variable rate offered by KBC - I know for a fact someone on 3.66% variable with KBC which doesn't allow for the January ECB 50bp rate reduction, of which KBC will be passing on a further 25bp to variable rate customers.
 
PaddyW said:
How did they get that 3.66 rate demoivre?
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I don't know tbh as I don't deal with KBC myself - is it possible that the variable rate is tiered, as with some other lenders, depending on the size of the mortgage? The 3.66% in this case applies to a mortgage exceeding 400k.
 
Newbie! said:
I know the tracker rates are gone but for customers already on them (me) do i stay indefinitely on a tracker until I fix or end my mortgage? Im a little confused now.
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Yes you stay on tracker until you switch as per terms of your mortgage.

I wouldnt move if I were you. On a tracker myself and there I will stay!
 
I'm on a discounted and capped (@ 4.99%) traker mortgage with KBC (until June when I go back to just tracker) which as of Feb 16th makes my rate 3.15%.

I know this is great and all, but KBC's last letter (got it yesterday) states that the Jan 16th ECB rate drop only came into effect Feb 16th (using their full 30 allowance!), but that they are ALSO staggering the rate drop between March 1st - where there'll be a tiny drop - and April 1st - when the full drop will take effect.

How on earth can they get away with only giving me my full drop in repayment almost 4 months after ECB announcement?? What's up with this staggering business they're now introducing? Is this allowed? It's hardly a 'tracker' if they take 4 months to reset my payment!!

For the last few drops they have been pretty slow at passing it on to me, e.g. Dec drop meant I changed Feb payment (!) not Jan payment. But this is getting ridiculous.

I know I'm not likely to move mortgage with a rate like that, but I feel like I'm being shafted all the same
 

Your payment is for the month just gone and not ahead.

They are using the rules to their advantage so doing nothing wrong. Morally yes but legally no.
 
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