Search results

I wouldn't waive any rights, basically you are looking to take the moratorium/interest only because you are struggling with the repayments I presume, so why would you waive your rights? Not sure why they would want you to waive your rights, you are struggling with the repayments I presume...

The OP is in employment and not in arrears so MARP is not an issue. 33k seems incredibly high given there's only 3 years left on the fixed rate, is this figure correct?

Hi corkgirl1, Great news that things are looking better for you, pity about the way UB are treating you. Believe it or not you need to actually complain to UB themselves, setting out all the problems you've had over the last while. They need to fully investigate, ultimately issue you a final...

Banking licences are not subject to annual renewal, so you don't have any sway in that regard. But what you are absolutely entitled to do is to lodge a complaint with the way you have been treated by them etc. provided this is justified. There are a number of requirements on banks under the...

This 423 an hour rate does not include costs for other staff, which may range from 150 to 423 an hour. I just think this level of remuneration is absolutely scandalous in this day and age. Why couldn't the CB negotiate a better rate than this or put some sort of a tender in place amongst the big...

I agree with you Tiger a lot depends on the length of time he will end up working on this. It mentions that he has to prepare a report within a month but that in itself doesn't mean his work will be complete within a month. We know from tribunals, for example, that things end up taking much...

Is it really any wonder this country is the way it is. Reading in the paper today that the 'special manager' Mr Charleton is going to be paid 423 euro an hour and his assistants from 150 to 423 an hour. So lets just do the maths here. 423 an hour, say he works 35 hours a week he is costing...

Hi Bard123 Really sorry to hear about your situation, unfortunately there are more and more people finding themselves in similar situations. The first thing you need to do is try and arrange to meet with MABs or the citizen advice bureau and explain your situation to them and get them to help...

Corkgirl1 I actually don't know where that leaves you in terms of the MARP, this is one of those situations which would not have been considered when the Code was being devised. The fact that you have made an out of course, lump sum payment was something that you voluntarily did yourself. With...

That's pretty dreadful, almost sounds like the bank officials were chancing their arms. I'm not sure why they would do this unless its a tactic they use to try and blow the cover on some customers who may have additional unreported funds stashed away somewhere. As a starting point I think your...

Hi Brendan I understand what you're saying but I'm not sure that I agree with you. The 'arrears' amount reflects the full amount that the customer is behind in their originally scheduled repayments, which is (unless the bank decides to write some if it off) the actual amount the customer is...

Hi Wishes I'm a bit confused when you say the bank refused to capitalise your arrears. In essence a customers monthly mortgage repayment is made up of two parts, the first of which reduces the outstanding capital balance and the second of which pays for that months interest. When you entered the...

Under the MARP, arrears is defined as where somebody has not made a full or only makes a partial mortgage repayment as per their original mortgage contract. Seperately you have to write to arrears customers every three months providing specific information included in which is 'the monetary...

I think the figure is probably correct. The 'true' arrears position is the amount you are behind based on what repayments you should have made, to date, under your original repayment schedule. So you were 4k behind when you entered the marp and you must have fallen another 16k behind in...

They can probably offset against any other accounts the debtor has with them, but this account is held by a seperate legal entity, they have no right of set off against any funds in this account.

No, absolutely not. They are two distinct, seperate entities. She should tell the bank to immediately reverse the transaction, make good any charges incurred/loss of interest on the charity account (if applicable) and look for an apology. If the bank do not co-operate she should report them to...

It might be worth pointing out that the 'benefits'/'protections' of the MARP only apply in cases where the customer is engaging with the bank. Where they are not engaging the MARP need not be applied.

With the evenings closing in and the temperature starting to dip, its time to restock on the coal front. Last year I used the Dublin Paving Centre in Finglas on a couple of occassions but they don't seem to be there this year. Anyone recommend anywhere else in the general...

At the end of the day John your position unfortunately is what it is. The bank will need to try and work with you to keep the mortgage 'alive' and, hopefully, things will pick up for you at some stage in the future. The fact that you are currently in arrears is down to your work/financial...

That's one option John but you need to have a good think about that. You will still be liaible for the debt, it will be on your credit record so you may not get credit from any other lender for a long time, and what will you do by way of rehousing your family? The bank may consider continuing on...