in 2012 when I got a letter explaining how they came up with the tracker rate of 3.25% it said "tracker products were amended from 9 August 2008 not take into account balance outstanding or loan to value."
21/11/06 My contract says " on expiry of the fixed rate period..the interest rate applicable to the loan will be the tracker mortgage rate appropriate to the balance outstanding on the loan at the date of the expiry of the fixed rate period".
How can this change? What relevance has this? Maybe it has none. I don't know. I'm going over and over correspondence and I'm being twisted in circles. Can anyone clarify what this means?
21/11/06 My contract says " on expiry of the fixed rate period..the interest rate applicable to the loan will be the tracker mortgage rate appropriate to the balance outstanding on the loan at the date of the expiry of the fixed rate period".
How can this change? What relevance has this? Maybe it has none. I don't know. I'm going over and over correspondence and I'm being twisted in circles. Can anyone clarify what this means?