Hi,
This is in relation to Charlie Weston's piece in the independent last week highlighting where BOI recently were sending letters with fixed rates to everyone including their tracker mortgage holders in an underhand way to try and sway people off their tracker. The letters gave no implications about the giving up of the tracker mortgages. The Central bank and others are looking into it and say that it goes against the code of conduct.
http://t.co/eQuWT2w6tI
I understand the code came into effect in recent years, but this is exactly what happened to us in 2009 with KBC and we ended up fixing, and thereby losing our tracker which we were totally ignorant about as nothing in the letter highlighted what would happen. We went to the FSO and he sided with the bank. Just because this happended before the code of conduct cam in, I assume this means we haven't a chance in hell of ever getting back to tracker?
This is in relation to Charlie Weston's piece in the independent last week highlighting where BOI recently were sending letters with fixed rates to everyone including their tracker mortgage holders in an underhand way to try and sway people off their tracker. The letters gave no implications about the giving up of the tracker mortgages. The Central bank and others are looking into it and say that it goes against the code of conduct.
http://t.co/eQuWT2w6tI
I understand the code came into effect in recent years, but this is exactly what happened to us in 2009 with KBC and we ended up fixing, and thereby losing our tracker which we were totally ignorant about as nothing in the letter highlighted what would happen. We went to the FSO and he sided with the bank. Just because this happended before the code of conduct cam in, I assume this means we haven't a chance in hell of ever getting back to tracker?