Thank you for your input, from memory the rate was correct and I will check my paperwork with with regard the interest only period. My family home is in joint names but the debt to Bank of ireland is in my name alone and they have written to say they are going to high court to get a judgement which i assume will ultimately lead to me and my family having to sell up or be put out.
Obviously it was in bank of Irelands interest to force the sale of my buy to let properties as it allowed the balance on their unprofitable tracker be reduced by €300,000.00 and therefore reduced their losses. Yet they took little head of where the market was at, the lack of resource to repay the outstanding balance given the income generating properties were being sold and my income which they had full details of were not sufficient to repay the balance.
I will check my paperwork and come back on the detail but what I am wondering about is that no doubt there are many like me out there and the current tracker investigations etc seem very focused (and rightly so) on family homes and those that were switched from trackers to fixed/variables.
Is there an sign of the scope of tracker investigation being widened to investigate these other tracker related activities by the banks and if not should people not start asking for it now that there seems to be government support to make the banks accountable for poor decision making during the financial downturn ?