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Agreed. 3.6.3 (b) goes on to state that can't switch between tracker interest rates directly or indirectly to avail of a lower prevailing Tracker Margin. So customers can't avail of lower Margins that may prevail in the future. How does that work exactly? My view is your locked in at drawdown...

The Data Protection Commissioner. Same thing happened me when requested.

@kopkidda if you check out aib press archives at link below you’ll see published rates. https://group.aib.ie/press-office/press-archive/Archive

By taking “prevailing” rate offered now, contractually could be viewed that you accepted this higher tracker margin. I would write to AIB choosing fixed/SVR and state that what’s on offer now is an unacceptable altered version of a tracker, in comparison to what was available when you entered...

Good analogy. But AIB saying we’ll have a race meeting when people take out their contracts. Few races with horse types a) fixed, b) svr and c) tracker. Then few races AIB not taking bets on tracker c, because c is winning all races. Then under duress AIB say, ok we’ll let you bet on c...

Thanks Dunned. That implied meaning from AIB is not what our contracts say. I understand that under current CB review people on trackers, who then fixed and refused trackers are getting trackers back at the correct margin and not AIB's made up "prevailing" one. This margin issue was equally...

This is best summary can find re. margins. By Oct 2008 the discounted tracker for new customers was discontinued. Standard Margin was 1.1% for over 80 ltv and less than 500k up until trackers "discontinued"...

I know this has been discussed before but….“Prevailing” is defined in Oxford Dictionary as: “Existing at a particular time; current” or “Having most appeal or influence; prevalent” Sample of Part 1 extract received from AIB Customer on margin of 1.1% over ECB: ………………………………… Applicable Interest...

Yes have enduring tracker option - 3.2 c. They sent us letter around 2 weeks in advance of roll off. On holidays for bit and limited time to take in. We were discussing options with AIB before receiving letter over phone. In discussions did not pick up that only time could choose variable...

@Brendan Burgess phoned and requested letter of offer in Oct 2017 from AIB mortgages. I had seen many posts re. 3.2c clause on AAM and wanted to double check. Did not say wanted to review in light of tracker review but did request full copy. It was missing about half of sections, including...

My reading of contract is that LTV at drawdown defines your LTV band and tracker margin. If you want to avail of a lower LTV band customer needs to furnish an updated valuation report in advance. However, my reading of contract is also that tracker margins for all customers should not change...

@Redman same happened us. Requested copy of letter of offer and was missing sections with Clause 3.2. Subsequently found copy in attic, got back onto AIB and mentioned and they sent full copy out after that. PM me if you haven't formally complained yet and will share issues I found on review...

@Jean84 @Ninibopp @Neverever or others in similar situation - I'm looking for some help re. correspondence from AIB after end of first fixed term, before Oct 2008. Have 3.2c option in contract re tracker. Drew down in mid 2006 on fixed new business, got rates letter 2 weeks before roll over...

"prevailing margin" is described in contract. Clause 3.6.3(b) states that “the customer may not convert the tracker interest rate directly or indirectly to another tracker interest rate in order to avail of a lower prevailing tracker margin”. As customer can't go tracker to tracker (directly)...

Despite what AIB told everyone, I have recently discovered that we all have enduring options "within the terms of our loan agreement". The only way after drawdown "for the Bank to adjust margin upwards" defined under the contract is if the prevailing margin is higher before drawdown. If a...

Check OPW site below for records. [broken link removed]

Different cohort for AIB as that Customer was on tracker before Oct 08. You had same contract, except case above had tracker in particulars starting out or went onto tracker after fixed period (before Oct 08). To my knowledge, while one year discounted tracker margins changed, and new LTV...

Check out posts in following thread https://www.askaboutmoney.com/threads/aib-restoring-my-tracker-but-at-3-67.199391/ Should be entitled to this questionable rate.....

@Spike67 check out this thread https://www.askaboutmoney.com/threads/aib-restoring-my-tracker-but-at-3-67.199391/

Never on one but in contract should have been able to at any stage of mortgage term after fixed period. Only realised this recently. Always kicking myself (since 07) that missed out. Notwithstanding that, should have been available to existing customers with this contract. My own chances of...