AIB Anyone know how AIB calculate compensation payment if forced to sell property

zxcvbnm

Frequent Poster
Messages
270
My sister and I were both forced to sell properties in the crash by AIB bank.

One was jointly owned - and one was owned just by her.

As well as the usual tracker redress compensation we also received additional compensation due to the fact that the overcharging may have contributed to the forced sale.

However - this additional compensation figure she received for her own property was 3 times that what we received for the joint property. (Also - The joint property was twice the sale price)

Does anyone know how AIB come up with these figures? I'm surprised such a discrepancy.
 

Jim Stafford

Frequent Poster
Messages
463
It is academic as to how AIB calculated the compensation.

What really matters is what compensation a court would award you. To assess this you need to seek independent advice. There are many variable to consider such as the permanent loss of a tracker, a possible Personal Injury claim for mental distress etc. I would suggest that you see a PIP who has practical experience of assessing such claims.

Jim Stafford
 
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