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Adjustment made with no pre-notification. Letter arrived a few days afterwards. We called them and they said we can expect a cheque “sometime before the end of August if we are due one” Interestingly the write down was within €200 of the estimate from the spreadsheet calculator. Prior to the...

Completely agree. Disappointing that we dont get our contractually entitled tracker back and the full refund of overcharged interest plus redress. We intend to wait for the offer and the terms before deciding. We remain convinced that AIB is in breach of contract here and as I say we will wait...

SS calculating the difference in monthly repayments between a 1.5% margin tracker and the SVR since the loan rolled off fixed? It takes a bit of time but shows the amount of over charge. Appreciate there is no one size fits all..... Then add interest and compensation. Last thing is restore the...

Thank you. My spreadsheet tells me it's €40k+ of overcharging since April 2009. At various points they increased the SVR to as high as 4.4% when ECB was 0% and less. The LTV band at the time points to ECB+1.5%. If AIB offer anything less than that plus the interest on the overcharged amount...

Brendan Assume this will mean:- 1) restore tracker rate from when fixed rate expired 2) compensate for the overcharging 3) refund excess interest paid - with interest on that excess agree? we are now in decision phase with the ombudsman on this I’m assuming they will arrive at same...

Spot on Brendan AIB will fight this one to the bitter end. It’s crucial we get one of these over the line and make sure it’s public. To my mind this is straightforward malfeasance. Nothing more nothing less. They did wrong and need to undo that but as the quantum is so high it’s worth them...

The fine is welcome but that should be it. It’s an extraordinary amount of money. This bloodlust looking for individuals in there to be fined/ sanctioned/ excecuted or whatever is unnecessary. They’ve already been hammered and some have lost their jobs too - probably appropriately so (no, I...

Now with Ombudsman on this issue. Latest is they aren suggesting mediation. Will ask AIB do they want to offer anything. After that failing it’s a six month process of information gathering and then goes before Ombudsman for a decision. Would be better for all concerned if they just accepted...

hi. Had a commercial loan from a UK Bank. That was sold to a Vulture in 2015, loan servicing by Pepper. Vulture/ Pepper appointed a receiver over the mortgaged property in 2017. Entered into a settlement agreement with Vulture in 2018 and I have stuck with the payment schedule agreed in the...

Thanks Brendan, I will wait a while. Is there any value to be had in making representations to the CBI on this matter (AIB €1650 customers) - in a group context? Reading Charlie Weston's piece this morning in the Indo it seems CBI agreed to meet a group of 200 BoI staff who are being denied...

Hi Brendan. Appeal was initially lodged with BDO on the 14th of July 2018 and after some back and forward with BDO and the usual guff from AIB it was officially rejected on November 22nd. It's now with the FSPO. I am debating if I should proceed with this route or wait for the high court action...

Submitted and decided on. Appeal rejected.

I spoke to the FSPO this morning - we submitted the complaint last Friday. They are saying all tracker mortgage complaints are "held" until the CBI investigation is completed. Have you had any correspondence on this? We appear to be in a somewhat similar boat.

Yes, the 0.75% was the original track rate the mortgage was on - that loan was incepted in 2006

Brendan, I have completed the appeals process on one of these products all the way past the BDO AIB Tracker Mortgage appeals panel. Summary is: a 2 year fixed rate AIB mortgage taken out 2007 by my wife. She had a clear option to switch to a Tracker at the end of the fixed period. No options...