Hi, I'm just wondering if anybody knows what the situation is with UB when you are coming out of a fixed mortgage? My brother has a fixed rate mortgage with them and it's coming to near the end of the fixed term. Trying to get him to look at his different options is like drawing blood from a stone and I'm just wondering if anyone has a similar mortgage. He drew down €220,000 around the end of 2006/beginning of 2007. I'm trying to press him into checking his contract to see if he can revert to a tracker but he's completely oblivious to what it all means. He's not in financial difficultly, he just tends to sign whatever is put in front of him and doesn't seek out the best deal. I'm concerned the bank won't offer him a tracker even if it's in his contract, unless he pushes the matter. He's currently paying something like 4.8pc.
Just wondering if anyone else drew down a UB mortgage around the same time? I've a feeling that at the time it was in the contracts that you could revert to a tracker but I'm unsure. I know it won't happen now unless it's in the original contract so I'm gonna push it if I can.
Thanks for your help
Just wondering if anyone else drew down a UB mortgage around the same time? I've a feeling that at the time it was in the contracts that you could revert to a tracker but I'm unsure. I know it won't happen now unless it's in the original contract so I'm gonna push it if I can.
Thanks for your help