Tracker Mortgage Question

Hi,
Jus reading thru some of the posts here has got me a little worried i've been approved for a tracker(ECB+1.25) since last april but house is not ready till early jan. So how do i know there's no clause regarding the Euribor rate that seems to be catching most people out who have gotten trackers lately. Would it state in my loan offer if it was to track only ECB rate?? any advice greatly appreciated

Yes, it should be in the terms and conditions.
There may also be a condition concerning when the loan has to be drawn down in order to lock in the tracker rate.
You usually get 6 months to draw down the mortgage from date of issue of loan offer but in recent times this time limit may have been reduced.
Again, check loan offer or ring lender/broker.

NorfBank said:

Yes, it should be in the terms and conditions.
There may also be a condition concerning when the loan has to be drawn down in order to lock in the tracker rate.
You usually get 6 months to draw down the mortgage from date of issue of loan offer but in recent times this time limit may have been reduced.
Again, check loan offer or ring lender/broker.

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Yeh had this explained to me by the broker the loan has to be drawn down by april it was valid for 12months. i jus dont want to think im gettin all these rate cuts from ECB when i fact im not. thanks for reply, so you think it would have to be stated in the loan offer yeh, il go thru the loan offer later wit a fine comb and make sure there's only reference to the ECB rate