Ulster Bank not passing on Mortgage TRS budget changes until mid 2009

D

dublinhead

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Got a letter from ulster Bank
"In order to apply these changes to your account, Ulster Bank has to make alterations to our mortgage system which will take a number of months to be completed. This means that we will continue to apply Mortgage TRS benefits at the 2008 rate until mid 2009 when we will adjust your TRS to correct level"

6 months to make these changes sounds crazy in this day and age...
 
As explained before on a previous thread, there is a multitude of testing which needs to be done on these new systems before they are installed to ensure they are working perfectly. It may take a while, but I'd prefer the system to be working properly rather than not at all.
 
Any chance that they'll backdate it?

There was someone on another thread mentioned that their bank (PTSB?) was passing on the rate cut to their tracker mortgage within 3 days of the announcement.
Surely if it can be done that quick for trackers, they should be able to do it for "normal" mortgages too?
 
Soarer said:
Any chance that they'll backdate it?

There was someone on another thread mentioned that their bank (PTSB?) was passing on the rate cut to their tracker mortgage within 3 days of the announcement.
Surely if it can be done that quick for trackers, they should be able to do it for "normal" mortgages too?
Click to expand...

did you even read the thread?
 
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