Hi,
I took out a morgage with BoI in 2003 for my current home on a tracker rate. In 2005 i took out a top up mortgage to do some landscaping which was also on the same tracker rate as the main mortgage. In 2008 i took out another top up to build an extension but that time they denied me a tracker rate and said it had to be either fixed or variable. Of course we said we preferred to stick with the tracker but we took them at their word and just thought we had no choice. I have a letter from them at the time saying they discussed fixed, variable and tracker rates with us and we choose the variable. In truth we were only offered a choice between fixed and variable even though we were, and still are, on a tracker for the earlier two. Do we have a case to take to our bank?
I took out a morgage with BoI in 2003 for my current home on a tracker rate. In 2005 i took out a top up mortgage to do some landscaping which was also on the same tracker rate as the main mortgage. In 2008 i took out another top up to build an extension but that time they denied me a tracker rate and said it had to be either fixed or variable. Of course we said we preferred to stick with the tracker but we took them at their word and just thought we had no choice. I have a letter from them at the time saying they discussed fixed, variable and tracker rates with us and we choose the variable. In truth we were only offered a choice between fixed and variable even though we were, and still are, on a tracker for the earlier two. Do we have a case to take to our bank?