Solbank are still denying the illegality of these floor clauses.
Has any body else had a similar response.
Yes Conair , I emailed the Caleta branch in Aug 2012.
I asked them in light of recent court cases perhaps they should consider removing my clause,and as I hadn't had the mortgage for too long I wouldn't persue them for compensation for any back dated overpayments.
Their reply was to state that the clause is legal , and that i should count myself lucky as the collar rate had infact increased.
And so it remains. I'm sure it's days are numbered.