Hi I’m wondering if anyone has had any dealings with the AIB on this. My situation is that I went on a 5 year fixed back in 2006. The documents at the time said I would be offered a tracker when the period ended (no rate specified) but after contacting them last year to make sure they would still offer me one, they kept insisting they were no longer available.
Has anyone had any luck with getting the AIB to move on this issue. Thanks Pats22
Hi I’m wondering if anyone has had any dealings with the AIB on this. My situation is that I went on a 5 year fixed back in 2006. The documents at the time said I would be offered a tracker when the period ended (no rate specified) but after contacting them last year to make sure they would still offer me one, they kept insisting they were no longer available.
Has anyone had any luck with getting the AIB to move on this issue. Thanks Pats22
No it says you won’t go back to your previous tracker rate in there(someone in AIB earned their keep that day) but I wanted to know if anyone forced them to give them a tracker and what margin they got off of them seeing as most other lenders revert contracts seem to be coming in around the original margin. thanks pats22
“I wish to advise that as tracker rate options were removed from the market in October 2008 the prevailing rate options at the moment are fixed of LTV variable rates.” and a five figure breakage fee.
Pats looks to me like you have good grounds to complain to them. Your first port of call is to complain in writing by registered post. If they don't offer you a tracker they will issue you at some stage with a final response letter and then you take your case to the ombudsman. If you look around AAM you will see that many of us are fighting the banks on their shoddy practices and you will see that many people on AAM through perseverence and doggidness win their arguments. Now is a really good time as the ombusdman is being really pro the consumer and rightly so.
Look up the posts by Knuttel and Butter for more info.