BOI mortgage dispute outside 6 years

Discussion in 'The Financial Services Ombudsman' started by bmkearney, Sep 12, 2015.

  1. bmkearney

    bmkearney Registered User

    Posts:
    12
    Last edited: Sep 12, 2015
    Hello,


    My question is regarding the 6 year rule and the Ombudsman my case is currently with them regarding my mortgage and the tracker rate going back to August 2008(fixed for 5 years).Now I only submitted my case to them in July 2015 after reading a lot of treads about tracker rates. I am wondering where I will stand if they refuse to deal with it. BOI already refused meditation 6 weeks ago and I was advised my case was being sent forward for investigation. The reason I didn’t look into it any further in 2013 was I was dealing with MABS at the time who advised me that I was not entitled to the tracker rate. So just wondering what will happen then.

    Regards,

    Brian.
     
    Last edited: Sep 12, 2015
  2. Jon Snow

    Jon Snow Frequent Poster

    Posts:
    238
    I don't know the answer to your question OP but I assume someone will be able to offer guidance / experience, and I hope to god there's a route to getting your case dealt with, so good luck with it.

    Wow though, that's quite an eye watering first sentence - 4 uses of "regarding" in one sentence, and not a punctuation mark in sight...
     
  3. todo

    todo Frequent Poster

    Posts:
    168
    If your documentation says that you should have returned to a tracker after the fixed period was over in 2013, then I think your well within the 6 year limit.
     
  4. Black_Adder

    Black_Adder Frequent Poster

    Posts:
    158
    Patrick Kissane mentioned on this forum is the go to man.
     
  5. Mr Holmes

    Mr Holmes Frequent Poster

    Posts:
    58
    Last edited: Jan 31, 2016

    Can you post your respective interest rate default clause ( after fixed period ends ) that attaches to your loan agreement, to this site, so that others and myself can give you an opinion as to the likely outcome of your case ?
     
    Last edited: Jan 31, 2016