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And here is the finding Background In August 2006, the Complainants took out an investment mortgage with the Respondent. The mortgage was initially subject to a fixed rate for the first three years. The Complainants state that the reason as to why they decided to take out a mortgage with the...

So here is the response from NIB to questions put to them ny the FO. I know some of you will enjoy this 1. Is the Respondent satisfied that the letter of 28 June 2011 represents the response which it wants to make to this complaint? If any additional information or documentation is...

Ive edited my last post a bit. Ill post up the letters later today when I get the scanner up and running again

Hi "At the end of the fixed rate period your loan would revert to their then applicable ‘’Home Loan Rate’’ not simply their ‘’Home Loan Rate’’ Yes this was the crux of my complaint. When I took out my mortgage I had an option of the fixed or standard variable rate. The fixed rate at...

No. I never received the rebranding letter. The letter I received was when I ended my fixed term that my rate would be 4.15% even though the advertised home loan rate at the time was 3.4%. Im sorry I didnt respond to NIB's letter. It was made up of lies and untruths, but I naively taught...

So are EBS now the dearest SVR on the market for current customers even though AIB who have been amalgamated with EBS are the cheapest. No sign of EBS passing on the last rate cut and our wonderful politicians who demanded AIB to cut the last time dont seem to bothered. What kicks people...

Yes Brendan I taught this was cut and dry and was probably to confident. I should have addressed the Banks letter because as far as I could see a lot of the stuff in it was just made up and I should have looked for proof. I put to much faith in the ombudsman to carry out a proper...

Ok. Here is the summary of how this case went for me. Unfortunately I did not have good news at the end of it but hopefully by sharing my experience it may be some use to others I took out a mortgage in August 2006. It was on a fixed term which expired in August 2009. When it expired I...

Thanks for contacting me on this Brendan. Unfortunately I dont have good news on this. Ill try and put up a summary of the case during the week but I have to say not very impressed with the ombudsman

HI Guys, Still waiting on the FO to make a decision on this. Ive been waiting 10 weeks now. I was offered mediation but turned it down. Ill let you know when its complete. So is there any chance of the FO getting NIB to pay back all customers or does everyone have to make an...

Hi all, I have received my final letter from NIB and am now preparing my complaint for the ombudsman. All help would be appreciated. Here is the excuse the NIB gave me, "the bank introduced a new reference rate for home loan borrowers, ie those borrowing to purchase their family home...

I totally agree with you on this. How can the FO not be in touch with the Financial Regulator about this. Ive no doubt thousands of customers are affected and dont even know it. It was just pure chance I came across this thread and found out about it. (I really owe this site big time. It saved...

Butter, Congrats on your win and thanks for taking the time to respond to me. You are correct in presuming February 2010. This is when I moved my mortgage to BOI. It ****es me off to now find out I had no need to switch. The period I am talking about is August '09 to Februay '10. Not an...

Hi Guys, Just had a look through this tread and I must say it makes very interesting reading for me. I am a former customer of NIB. I moved my mortgage to another provider after coming of a fixed term rate for 3 years and been put on a rate of 4.15%. This along with other issues I was...

Hi I am about to submit Tax returns to revenue for 2007, 2008 and 2009 and would appreciate advice before I do. I purchased an investment property at the end of 2006 and it has been rented out on and off since May 2007. The property has been registered with PRTB all through. I have...

Not true, This is the relevant section. Transfer of a site to a child Section 83A of the SDCA. This section provides for an exemption from stamp duty where a parent transfers a site to a child for the purpose of that child building their principal place of residence. The value of the...