We too were told to sell or voluntary surrender our property in 2013 , despite no arrears, just on the back of a standard financial statement requested by EBS when we requested a further extension of the interest only option we were on. It was an investment property, rented and at no point in arrears. Cutting a long story short, we were unable to sell due to lack of cooperation from them despite being sale agreed on a few occasions and ultimately voluntary surrendered late 2014. There was a negative equity situation of about 20k. We were contacted by AIB in July 2016 informing us that we were impacted.
We had always told them that we would sell as the market recovered sufficiently for us to be out of negative equity.
We have been addressed but with no consideration that this was a loss of property despite being overcharged at the time of their insistence on selling/ surrendering the property and indeed for a few years prior. Any refund of overpayment, which was significant prior to us falling into arrears was used to clear the subsequent arrears. Their actions lost us an excellent tenant due to their insistence we sell while placing us on full capital and interest payments despite their assertion that we couldn't afford the payments. All the time aware that they were overcharging us.
We feel that we lost this house through their actions. Wonder how many more like us?
We had always told them that we would sell as the market recovered sufficiently for us to be out of negative equity.
We have been addressed but with no consideration that this was a loss of property despite being overcharged at the time of their insistence on selling/ surrendering the property and indeed for a few years prior. Any refund of overpayment, which was significant prior to us falling into arrears was used to clear the subsequent arrears. Their actions lost us an excellent tenant due to their insistence we sell while placing us on full capital and interest payments despite their assertion that we couldn't afford the payments. All the time aware that they were overcharging us.
We feel that we lost this house through their actions. Wonder how many more like us?