KBC raising fixed rate: not apply to existing fixed-rate customers for rest of term.

A

ajapale

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Surely they mean for the duration of fixed rate and not the term of the mortgage?
 
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The links embedded in the quote do not bring me anywhere useful!!

Irish Independent link points to this URL:

[broken link removed]

Also, the KBC Bank Ireland link brings one here:

[broken link removed]

Really not very useful.

Just on a layperson's reading of the the text bolded in the quote:

for the rest of their term

Would a common sense reading not indicate their term as referring to their fixed-rate term,without this needing to be specifically stated?
 
Hi AJ

The statement makes no sense. They don't need to say that a fixed rate is not being increased for exisiting customers.

It's a bit like a bank saying "We won't be increasing rates for tracker mortgages as the ECB rate has not gone up" . It's unnecessary.

Brendan
 
OK, found the Indo article, by Charlie Weston

Here it is

It does make no sense, but I suspect the pen of Charlie!!

Makes a bit of a contrast to what RTE had to say, about the very same KBC announcement.

Reads slightly different:

KBC will raise some of its fixed rates from 19 April, but it says these will not apply to existing fixed rate customers for the rest of their current term.
Click to expand...

Spot the difference
 
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