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Great work Brendan, we may not have heard the last of this yet. It’s so wrong that they won’t do the right thing by their customers or ‘those people’ as Mr Hunt refers to us as. Does anyone know that if a case is successful in the High Court the Bank has to apply the ruling for similar cases?

CiaraCostello it depends how long the High Court action takes. I think it’s around €20k per day

Peemac thank you that would be good to know. Thank you Peemac. That would be useful to know. I cannot understand why the FPSO didn’t rule on the prevailing rate issue. Given the breach of contract, the impacted group should be put back to a position where the can choose fixed, variable or...

Very disappointed. AIB have gotten off lightly. We are still overpaying on mortgage whereby the prevailing tracker rate denied to us should have been reinstated. The prevailing tracker rate is the last published rate prior to their withdrawal.

I thought I read on another thread that the final decision was expected in March?? Probably unlikely for months now

Hi verywhys I’ll check when I am at home this evening. There may be one at home in my SAR file.

Sunshine 39 I have a staff mortgage and clause 3.2 is included. I received cheque for €1,615 you should raise this with AIB

I am an ex employee of AIB and I would say that they’ll be paying out sooner rather than later. They won’t want to drag it out

Thank you

Does anyone know when the Ombudsman is expected to finalise his decision?

Hopefully AIB will pay compensation sooner rather than later. Should we as mortgage holders be instructing the Bank to move these mortgages to tracker, pending compensation?

Wow! This is fantastic news. Thanks Brendan for all your hard work. I thought we were fighting a losing battle.

Brendan I’ve decided to lodge a complaint. I rang the Ombudsman’s office yesterday. They told me it may be up to 6 months before someone is assigned to my case!

Without knowing the terms of the split mortgage, AIB restructuring documentation usually has a clause that borrowings over €500 must have Bank’s consent

I’m ex AIB staff, Elaine. My case is very similar to yours. Part staff rate, part SVR and part tracker.

Yes perhaps, Brendan. Are the Appeals Panel ultimately answerable to the Central Bank? I wonder if the appeal outcomes are ever sampled for auditing purposes?

Hi Elaine I got the exact same letter today. I also have a small part of my mortgage on Tracker with the balance on SVR. I submitted my appeal mid March. Not sure what to make of the letter don’t want to get my hopes up

Appealed 7th March using Brendan’s template. Received a letter around 10 days ago from BDO confirming receipt of the appeal.

Excellent stuff Brendan. I listened to you on Sean O’Rourke and you mentioned that the new CEO may decide ‘to do the right thing’ by this cohort of 6,000 affected mortgage holders. As an ex-employee of AIB I highly doubt it. Either they’ll be told by the CB to refund or dragged kicking and...