AIB Are AIB attempting to breach 6000 customers contracts again?

Section 5.3 of Letter of offer for mortgage loans states the following:



As AIB failed to notify 6000 customers that the tracker interest rates were to be increased and failed to publish any of these fictitious rates (i.e. 7.9%) at the time these customers came off their fixed rate, there cannot be any variance in the tracker interest rate that was last published by AIB (e.g. tracker interest rate for customers with LTV >80% was made up of ECB rate and fixed margin of 1.5%).

Are AIB really trying to rectify one breach of contract with another breach of contract?

Aib will argue we were not on a tracker so did not have yo advise us of change

Neverever said:

Aib will argue we were not on a tracker so did not have yo advise us of change

Click to expand...

This is true, but AIB have admitted that the tracker rate mortgage loan should have been offered....and now the are trying to vary the rate that would have been offered....trying to fix one breach with another??