Because of delays in the Ombudsman Service, there may be no downside to submitting your complaint now
If you submit your claim now, it will take about 6 months before they get to the first stage which is Mediation.
That will drag on for a couple of months.
When the mediation fails, the complaint will go to the Investigations and Adjudication Team. At that stage, you will be asked to if you want to make any other submission.
So it probably does make sense for everyone to submit their Ombudsman complaint now.
The lenders have said that they are not enforcing the statutory time limits to appeal to the Ombudsman. But that might change.
So if you put in a complaint now, you make sure that you meet the 6 months deadline and you go to the top of the queue.
If, in the meantime, the Ombudsman upholds a complaint and the bank decides to apply it to everyone in the cohort, then you have lost nothing.
If the Ombudsman upholds a complaint, but the bank refuses to apply it to everyone in the cohort, then your complaint is already in the system.
Brendan