Martytracker
Registered User
- Messages
- 4
Thanks for that. With regards the three years I was off sick, I put in place a payment plan with Ulster Bank and I did not go into arrears.Very difficult to know what to do here.
1) You could bring your case to the Ombudsman and he could rule against you completely and award you nothing.
2) He could agree fully with you and award you the full amount you are claiming.
3) But it will probably be somewhere in between.
From your brief description, it sounds as if the €10,500 is safe enough. But if you want to give more details, others might give you their views on the merits of your case.
I would say that the €3,000 for distress is at risk. From experience, a lot of the claims I have seen have attributed everything which went wrong in their lives to the loss of the tracker. In most cases, the real cause was something else, but the loss of the tracker added to the stress.
Lots of people had big mortgage problems. Very few had to take three years off work due to stress as a result.
It's far more likely that the Ombudsman would say that your mortgage problems were causes by the fact that you were off sick for three years and not the other way around.
Brendan
Was there a build up in arrears leading up to this?But the main part of my appeal was for three years I was off sick with severe OCD and anxiety. This has lasting consequences on my life. I lost 3 years of wages, and feel unable to ever seek promotion at work. I recently just turned down an offer of promotion. I could go on and on.
I agree with you on this that some blame everything on the loss of the tracker when they would have been in serious financial difficulty anyway. I also believe there are a smaller number of cases where people lost homes as a direct result of the actions of the banks, whether it be a tracker issue or other issues relating mistreatment by banks.I would say that the €3,000 for distress is at risk. From experience, a lot of the claims I have seen have attributed everything which went wrong in their lives to the loss of the tracker. In most cases, the real cause was something else, but the loss of the tracker added to the stress.
Any advice be great. I just don't know what to do
We were paying a mortgage of around 1,000 a month. We could barely get by. Then I just couldn't manage mentally.Hi Martin
300,000 people paid very high mortgage rates in Ireland. Many went into arrears. Many are still in arrears.
Yes, high rates cause distress. But so do losing your job and taking a pay cut.
You were off sick and still managed to pay your mortgage? That suggests to me that if you were at work, you could have paid your mortgage in full, high interest rates or not.
The Ombudsman would probably be around 6 months to a year, but it's hard to know as they are flooded with complaints at the moment.
Brendan
Yes I can provide as much medical evidence as needed. I was originally on tracker and fixed rate. Not given back my tracker, so I fixed it again. This time it was on 6.6 per cent.Was there a build up in arrears leading up to this?
Did this have a direct cause of being out of work sick?
Are there any issues in how the bank treated you before and during this period?
Can you show this would likely not have happened if you had been on the correct rate?
I agree with you on this that some blame everything on the loss of the tracker when they would have been in serious financial difficulty anyway. I also believe there are a smaller number of cases where people lost homes as a direct result of the actions of the banks, whether it be a tracker issue or other issues relating mistreatment by banks.
We all know most lenders were using every tactic they could think of to get people off trackers but how many can be proved it was purposely done?
The banks use clever tactics and have mechanism's in place that when caught out it can be put down to an error, oversight or similar excuse, rarely admit to anything.
I have not lost a home and I have no arrears but I have experienced serious mistreatment by my lender when we had a small amount of arrears from 2013-2016. I and am still fighting to get my tracker back, this is an individual case and the bank have refused to engage with myself or Padraic on this. I am still overpaying by a huge amount. I have had enormous difficulty getting hold of my data and records to piece together what happened during this period and have been through numerous complaints processes and am still being drip fed information requested over 2 years ago with a lot of important information missing. The main reason I started this process was to get my tracker back but this has been overtaken by my desire to prove the wrong doing that has occurred and show what the banks were really up to.
I would advise to read through some of the ombudsman's decisions in any similar cases and get an idea of what's needed to prove your case, give some more information here and ask for further advice, then you will have a better idea of how to proceed
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