Charlie byrne
Registered User
- Messages
- 10
Hi I got a letter from boi in may I have been put back on a tracker at 1.75No. I think that the only lender to identify people so far is AIB. I think that Ulster has made a provision but has not notified people.
It may be that BoI and KBC are clean.
Brendan
Hi I got a letter from boi in may I have been put back on a tracker at 1.75
Hi to be honest I know nothing about it we just got a phone call out of the blue to say we were one the customers effected and we would be put back on a tracker when I ring them I am just been told it will be sorted out by the end of 2017Many congratulations!
Could you tell us a little bit about the circumstances of your own case? Was the position relatively clear-cut in terms of your mortgage documentation and did you previously look to revert to a tracker or complain to the FSO?
I gather that as many as 2,096 BOI borrowers had trackers restored some time ago but I don't believe that was in the context of the current Central Bank mandated review process.
Sorry 1.25 is the tracker rate took out morgage in 2008 fixed for 2 years never on tracker and they are saying 2017Charlie
1.75% seems like a very high rate.
Was that specified in your contract?
Could you tell us the following:
1) When did you take out your mortgage?
2) Were you ever on a tracker? If so, what rate?
3) Did you break out of your tracker?
I hope "sorted out by the end of 2017" is a typo? Did you mean 2016?
Brendan
With ICS through a broker don't know any more detailsWe're you on a 2 year fixed with a roll over to 1.25℅ tracker ?
Did you take out the mortgage with ICS through a broker or was it with BoI mortgage bank ?
Like I said iknow nothing about it they put us back on tracker rate straight away and we will get the overcharge back in 2017 I don't understand the whole thing would there have been something in the contract
Sorry Charlie your getting questions fired at you, but as you probably have read some of us are waiting anxiously for news from BOI, so this is very interesting and yet frustrating. No doubt you were no alone, but BOI are not very forthcoming with the details. Great news for you, happy xmas
Sorry only getting back now I had a look at bank details from 2009 when I changed firstly I took out morgage in 2006 fixed for 2 years at 4.39 when 2 years were up we fixed for a further 5years interest went to 6.050 was having trouble meeting repayments that was July Then in feb 2009 we changed to a variable rate of 3.3 it cost 1436 euro to change the was no mention of a tracker in that contract
Ur probably right I don't understand the in and outs of it all to be honest I haven't a clue what I am looking at could do with talking to someone who doesI'd be surprised if an ICS Mortgage issued in 2006 did not have a roll to tracker option . is there anything re margin over ECB in the "special conditions " section ? another alternate reason is that when your original fixed rate expired in 2008 ( pre Oct ? ) you should have been offered a tracker , as other roll over customers were at that time .
Unfortunately the sad reality is what would be the point? I haven't worked hard and paid my bills on time all my life so these idiots could ruin my credit score!
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