Hi everyone
New to the site...
Took out my mortgage in 2006 and fixed for 3 years.
When the 3 years expired I recieved my options which were very high fixed rates, an SVR of 3.69 and a tracker of ECB +3.0
I opted for the SVR (I know..madness but I did not fully understand the consequences. Even my broker at the time advised to go with the SVR)
I don't have my original loan offer letter but might call PTSB and get this to check if it specified a tracker rate which I assume if it did would be less than ecb + 3
I've read on this site people referring to the banks not stating the difference between choosing an SVR over a tracker in terms of long term cost. basically not providing any advice.
Clutching at straws but would like to know if it is impossible or not to argue for getting the tracker re-instated.
Thanks for reading...
Ps...sorry I didn't find this site in 2009 when I would have had the advise needed and choosen the tracker
New to the site...
Took out my mortgage in 2006 and fixed for 3 years.
When the 3 years expired I recieved my options which were very high fixed rates, an SVR of 3.69 and a tracker of ECB +3.0
I opted for the SVR (I know..madness but I did not fully understand the consequences. Even my broker at the time advised to go with the SVR)
I don't have my original loan offer letter but might call PTSB and get this to check if it specified a tracker rate which I assume if it did would be less than ecb + 3
I've read on this site people referring to the banks not stating the difference between choosing an SVR over a tracker in terms of long term cost. basically not providing any advice.
Clutching at straws but would like to know if it is impossible or not to argue for getting the tracker re-instated.
Thanks for reading...
Ps...sorry I didn't find this site in 2009 when I would have had the advise needed and choosen the tracker