Hi @lighening, did they confirm they letter will be out in 2 weeks to you over the phone today?
I'm away in 2 weeks
Thanks
I got a letter on Jan 05th, saying I was considered as being impacted, but wasn't able to get a definitive when I rang today, and certainly wasn't told that I'd be getting a rate change from March 01st. Due a call back tomorrow, as she needed to check why there was nothing showing on her account with her SME.
That would suggest that they are simply applying the tracker rate to the current balance and giving you a refund of the overpayment rather than reworking the mortgage and reducing the balance in part.I Phoned today also, they said my morgage has already been adjusted. €280000, 30 year morgage 14 years in ( 2011 came off 5 year fixed on to variable) my repayments were €1440. Was on 4.25 interest rate now 1.1 They said now are going to be €1111.46. Thoes with better knowledge of rates does that sound right??? They said letter should have been issued will receive something in the post soon.
I calculate that you overpaid by about €35-€40,000 in the last 6 years.Thanks peemac yes it would now be about 190000. Now.
MC... I have no clue as to what cohort they have me in.... I got a tracker mortgage in 04 fixed in 06 for five years... and then was laughed at when I asked for my tracker back.
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