This has been done extensively in this thread; comments from directors to media & at subsequent Oireachtas committees leads one to an unequivocal conclusion; the variable basis for the fixed rate variable base loans was tracker.As I said in the AIB thread - a proper trawl through newspaper archives could give a lot of answers especially if you pay attention to all the adverts and any commentary from directors to reporters.
I don't think anyone has done a proper trawl through newspaper archives from 2005-2008.This has been done extensively in this thread; comments from directors to media & at subsequent Oireachtas committees leads one to an unequivocal conclusion; the variable basis for the fixed rate variable base loans was tracker.
If they were so keen on selling SVR’s at the time why do policy documents indicate that they want 60% of their mortgage book to be tracker by 2008?I don't think anyone has done a proper trawl through newspaper archives from 2005-2008.
And I may not have positive news for EBS customers.
A search for EBS Mortgage in Irish Time archives from 2005-2008 show plenty of articles and plenty of adverts and all with one common theme.
EBS offered the lowest "Standard Variable Rate" in the market. This was their selling point on most adverts including switcher adverts.
Not one advert mentioned tracker and just one mentioned fixed rates - they had the Lowest "Standard Variable Rate" in the market and they made sure everyone knew it.
Be very careful of how you read journalist's reports.in early 2008 EBS membership manager Dara Deering actually stated to Charlie Weston that other banks were ripping off customers with SVR’s unlike EBS who were pushing trackers.
Also when I say variable rate I mean the letters we received about interest rate hikes mentioned variable. We also had letters (which my fiancée has binned) staying that the increase was due to the ecb rate etc. what do I ask for when requesting my files/paperwork from ebs? I’m not even 100% what rate we signed for. I wish I’d been more sensible then.Couldn’t figure out how to do text and the picture
Just a query about ebs? We have been charged a variable rate for the last 13 years but I see on our documents that there’s zero mention of a SVR? Is it worth looking into? Dealt with a broker and really was quite young and clueless at the time he literally did everything and had us sign the paperwork. Joys of 2006 boom! I don’t have anything that says we should have been on a variable? Or is the base rate wording mean a variable? I’m confused! I’d appreciate some help! Also couldn’t post for 15mins after I put up the pic don’t know why!
Did you have the term variable base rate in your contract or SVR?Following this thread for about six weeks and just received a copy of my data from EBS. Disappointed to say the least. There is nothing in it apart from a two page contract, despite me listing exactly what I wanted. Does this mean they haven’t got anything else or they are just being incredibly difficult? I had hoped they would send details of the fixed period I signed up to in June 2004 as I thought I signed up to this originally and it didn’t start until after the special introductory interest rate offer! I believed if I signed up originally then they would have had to offer a tracker rate when I came off fixed.
My question is if I signed up to a fixed rate originally and EBS weren’t offering trackers at that stage then should I have been offered one when I came off fixed in 2006?
Thanks in advance.