Ulster Bank 'Under-collection error’

[briste]

See http://www.thejournal.ie/ulster-bank-mortgages-error-811735-Feb2013/

Anyone hear anything from UB?

How would you know if you are affected by this?

 

[Boyd]

Here is one example: UB left me on interest-only, now want capital & interest, four options.

 

[briste]

Thanks username - just remembered that my last UB statement included Interest and Capital details.

 

[shigllgetcha]

Are they treating them not taking capital as if these people have gone into arrears (which is probably technically true but it was the banks error)

1. Availing of an interest free loan equal to the under-collected amount to be paid over time

Even this option treats it as if the person went into arrears, even though its the bank that setup the direct debit figures and basically got it wrong

 

[Mavis]

shigllgetcha

That is one of the options available, Option 2

 

[ajapale]

Discussed here UB left me on interest-only, now want capital & interest, four options.


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