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The Ombusdman was correct in rejecting a “contrived construction” which the Millars sought to place on that clause, he said. The Ombusdman was also correct in Are you/we all guilty of a “contrived construction” by inerperating “returned to prevailing Rate” This is a powerful price of case...

Interesting response from CB, It would seem they are assisting the major bank in limiting liability. From a legal imperative. However the statement is very open and does not shut the door on civil action. However the law in this country does not allow for a class action, a class action would...

Hi Peemac Thank you for your reply. I went through the paperwork last night I think I’m right in calculating from the total figure. That is overpayment and interest overpayment. I’m not an expert in tort law, however in a case of tort. The defendant is required to set right the issues...

Hi All Just an update My TVM is 2.54% of total My compensation is 10.25% This seems low. I will be moving to the next step. Requested an appeals form from tracker team.

Hi Peemac How are you calculating the your percentages. Is it on total excess interest? I’m not really understanding at what point to start.

Hi Just trying to calculate the redress and TVM. Could someone help me on this. Do you calculate based on total excess interest? Or Overpayment refund? Thanks for your help.

Hi Maureen Not an expert on this, so not 100% if I’m correct here. From memory if you are in advance payments on your loan you can request that cash back. You can then pay it off your topup loan. Or you could stop making payments to the tracker until it’s inline with your contract and...

Excellent news, don’t spent to much on the picture frame. Look at it in the rear view Morrow and watch it fade out of site. Enjoy

Hi Don’t mean to but in, But Peemac seems to be presenting the facts. Not fiction. It would seem the CB has agreed with with KBC on this interpretation as explained by PeeMac, remember the analysis was conducted by Dolite. They would have been seeking clarity, through this last stage...

Hi I’m reading you post, and wondering why you switched from Tracker to Fixed Rate. I’ll hazard a guess, 2008 tracker rates where as high as 5.9%. And all the media agencies where encouraging trackers to fixed rates. I’m assuming you fixed for a financial benefit. And this ended around 2011...

Here’s a nightmare scenario for KBC. If you invested the money in bit coin every month for the last 7 years what would your return be. I don’t think this is a normal investment scinario. But would like to know the answer?

I would think this would be the basis of a challenge to the compensation payment. Again anyone want to wade in?

Great answer, But these guys have not paid a penny on that loan in seven years. All be it the loan has accrued over seven years, so the initial loan to the bank was not €50k Anyone hazard a guess.

I have a question for the financial wizzizs on here. If the redress was considered a reverse loan to the bank from the customer. In a legal arguement! Example figure, €60000 accrued over 7 years What would the bank have expected the customer to pay in interest if it was a personal loan...

Delighted for you Clara,, The icing on the cake, my mortgage has also reduced by a big number. So, 3 things, Redress, compensation, and substantial reduction on the mortgage balance for overpaid interest. This is a happy day, I think I’m happy to let it end. No need to chase for more...

Got cheque in the post today! Redress, compensation, one was €650 for legal advice, the other was redress and compensation. Check your post boxes when you get home.

March payment down by over €315 euro plus €127 for shifting rate in Jan. All in €440 a month saving, X 7 years and compensation. Could be a nice chunk of change coming our way.

The irony, RIP SVR 29/02/2008 to 28/02/2018 I was fixed for 3 years, roll on phase 2 redress & Compensation. Not to sure what my savings will be, I reduced to 3.3% JAN from 4.25% this year. I think that was about €147.00 it cost me 129.00 for a valuation. So another 2.05% should be...

Hi Peemac Hope you are happy with the situation, good to see you posting again. I’ve suffered in silence for most of the affected years, however I did mention the tracker issue on many phone calls with the bank representatives. I can only say this will make a very big difference to my life...

Hi Clara i Got it by Email, encrypted, That’s how I’ve been communiting with the bank. I was told priority to sort the rate, and the paper mail will be sent. I assume everyone that has been returned to a tracker rate. 1.25% will get physical mail next week.