What about Bank of Ireland

PadKiss said:

But then again maybe people like Sarenco and you are right and all is well within our septic pools of lenders and they are at least sorting it out and I am just ranting.

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Which presumably explains why I host Askaboutmoney. And why I have been highlighting the fact that Irish lenders are charging about 1.5% to 2% more than the eurozone average. And why I go to the AGMs of AIB, BoI and permanent tsb and raise these issues - usually on my own.

It is also why Sarenco has put forward the only well argued case I have seen against ptsb's arbitrary choice of prevailing rate.

Brendan

PadKiss said:

But then again maybe people like Sarenco and you are right and all is well within our septic pools of lenders and they are at least sorting it out and I am just ranting.

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Padraig

With the greatest of respect, I never suggested that you were ranting and I certainly never suggested that all was well with our banks.

The internal bank memo from October 2008 reported on Prime Time last year stated that roughly 1,800 BoI staff members signed MFAs in 2006/07 when they opted for the discounted staff fixed rate product, that those MFAs superseded the terms of their original loan offers and did not entitle borrowers to roll onto a tracker rate at the end of the fixed rate term.

I have no idea whether or not that memo accurately summarises the contractual position. However, you stated very clearly on that Prime Time programme that these 1,800 borrowers were contractually entitled to roll onto a tracker rate at the end of their fixed terms. You offered no explanation as to why that was the case and I would again invite you to explain the rationale for your position.

Don't change the ground here Brendan I am only talking trackers on this Thread not SVR's and you know my thoughts on that matter which I know is another rip off and I take exception to your view on you being the only one campaigning for lower SVR's its not only your ground with respect. You are wrong on some aspects of the Tracker matters as is Sarenco but either of you will never likely accept that which by the way is also fine.
Padraic

Padraig

I note that you have again declined to offer any explanation for your position.

I appreciate that you are emotionally involved in this issue as your professional reputation largely rests on proving your case with regard to the 1,800 BoI borrowers. However, if you are saying that I am "wrong" on certain tracker issues (which is obviously entirely possible) then I think it's only fair that you offer some explanation for your own position.

None coming to you so respect that please thanks. Emotional , dont claim to know me

PadKiss said:

Don't change the ground here Brendan I am only talking trackers on this Thread not SVR's

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Here is the exact context of your comments:

PadKiss said:

"Richard Pym says legacy problems largely solved and State is free to sell its equity stake"


That’s a lovely way of saying it is now behind us that we ripped off our own customers for the past 6 years or more and it's now largely solved, with not one customer compensated and plenty still over paying on their loans. The arrogance is astounding.

But then again maybe people like Sarenco and you are right and all is well within our septic pools of lenders and they are at least sorting it out and I am just ranting.

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I have read the article and he does not appear to mention trackers at all.

I respect the work you have done on trackers. I have often referred people to you to progress their claim.

If I question your arguments in some cases, it does not mean that the lenders are doing everything right.

You are taking a number of ptsb cases to the High Court. You should be welcoming people who support what you are doing, challenging your arguments.

Brendan

But their legacy issues are sorted, now isn't that a surprise in the middle of an ongoing investigation that is not complete
Never a problem having discussion/debate and even argument with you, respect your views actually, it does not mean I agree with you
But this particular thread is about Trackers and not SVR's

PadKiss said:

None coming to you so respect that please thanks.

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Fair enough.

But I hope you forgive me for not accepting the infallibility of your pronouncements.

If you are not prepared to present your arguments then I can only draw my own conclusions.

PadKiss said:

Emotional , dont claim to know me

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Are you saying that you are not emotionally involved with this issue?

Your posts certainly give the impression that you are - "septic pool of lenders" is hardly a detached turn of phrase and you did say that you read an article "with anger"...

We have all been told by Boi tracker review section that our trackers are under review, since April, we would have been informed by boi at this point if we were flogging a dead horse. The central bank are giving them too much time. Not sure why it's taking so long, but we all knew Boucher be the last nut to crack.

Onceagain said:

We have all been told by Boi tracker review section that our trackers are under review, since April, we would have been informed by boi at this point if we were flogging a dead horse. The central bank are giving them too much time. Not sure why it's taking so long, but we all knew Boucher be the last nut to crack.

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I have contacted the BOI helpline and they would not even confirm my account was being looked at, just gave me a standard reply saying that IF I had a tracker it would be reviewed, they also said that unless an error was found that I would not receive any letter at all - so I don't necessarily think that hearing nothing is good news. Based on the helpline information I may never hear anything - ever.

That is the worst about this review - no communication at all.

Dear Padkiss,

AIB,s issues ARE largely solved because of the 6 year Statute of Limitations !

On my (pet) hate Payment Protection Insurance ,PPI, all Banks have, with the connivance of Central Bank, Ombudsman etc got away with stealing 2.5 Billion.
I find it strange the Uk pays out yet we did not.
I leave you to trawl through mortgage issues !

Brendan ,

Arn,t enforcement proceedings a lovely way of doing little slowly ?
And by the time they are concluded most people have moved on.

Central Bank is NOT to be trusted .

Just wondering if anyone has received any further information recently. No communication from BOI in months, we were told we would hear something before the end of the year. Also does anyone know of any groups campaigning against Bank of Ireland? Would like to get in touch with people in the same situation.
Cheers,
Ann.

Ammo said:

Just wondering if anyone has received any further information recently. No communication from BOI in months, we were told we would hear something before the end of the year. Also does anyone know of any groups campaigning against Bank of Ireland? Would like to get in touch with people in the same situation.
Cheers,
Ann.

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Hi Ammo, What happened in your particular situation? I'm a Bank of Ireland customer waiting for the review to come to an end, I've have not received any written communication that my mortgage is part of the review, but I have been told it verbally over the help line.