Danske appoint receiver on performing mortgage cos a joint borrower in default on unconnected loan

Discussion in 'Mortgage arrears & negative equity case studies' started by The Partnership, 20 Mar 2016.

  1. Duggie

    Duggie Registered User

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    Are they going to cover your legal fees as well? They have a lot to lose here - think of the publicity if this gets back to court as they recently won the tender for the governments retail banking.

    That said, and putting aside the heartache and misery bestowed upon you and your partner, there comes a time when you have to call it quits - if they cover legal fees, make a cash settlement and you and your partner walk away, jump at it (put your principles to one side and just take a long holiday and forget about these so called “bankers”.). If they hadn’t appointed a receiver and you still controlled the property and the rent, what would the loan balance be now?
     
  2. The Partnership

    The Partnership Frequent Poster

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    We were awarded costs at our summary hearing so we have some costs but not a game changer.

    We have been told by plenty of people to take what we can and get the hell out of this mess and move on.

    We have lived with this for the last 4 and half years and we are not going out without getting a result .

    We are very much aware when this goes to court we might lose but at this stage we want our day in court.
     
  3. Duggie

    Duggie Registered User

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    I would hold out for more money and run. Think of your health - that’s your wealth! Court cases are horrific experiences as I’m sure you are aware. If you can out financially better off (which the offer as it stands would definitely make you) without having to go through the courts then grab it.
     
  4. Seagull

    Seagull Frequent Poster

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    If they're offering you compensation, it's probably because they think they will lose if this goes to court. Suggest they factor the court costs into their offer.
     
  5. The Partnership

    The Partnership Frequent Poster

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    Hi we have moved on to the investigation process with FSPO regarding our claim.

    Danske overcharged us €15,000 over 2 years between 2009 and 2011 and when they discovered their mistake they miscalculated the amount which was paid in advance of contract.This meant we were paid in advance by thousands up to 2014

    Danske got the drawdown date wrong which meant we were put on interest and capital 3 months ahead of contract.

    I would suggest anyone with a tracker mortgage which has 36 month interest only followed by 204 months interest and capital check their drawdown date as Danske got it wrong with us.In 2011 they were very keen to get their capital back.

    We got a company called Bankcheck to go through our accounts and they found numerous mistakes by Danske .Bankcheck were excelent in our dealings with the FSPO .They put together reports and highlighted mistakes by Danske which we forwarded to FSPO .
    Greg from Bankcheck done all the work ,he was very easy to talk to and explained everything.I strongly recomend anyone with doubts about any bank issues to contact Greg.

    Regards
     
  6. The Partnership

    The Partnership Frequent Poster

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    Hi has anyone with a Danske Bank tracker redress claim heard anything from the bank.

    We have heard nothing and when I google Danske all I get is Moneylaundering .
     
  7. The Partnership

    The Partnership Frequent Poster

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    Apologies for repeating myself but I am really annoyed about always reading about what the CB intends to do about the main banks regarding the tracker fraud.

    What about Danske and the other banks that have left the country after making a steaming mess.

    We would like to be mentioned every now and then,If for nothing else but to give us some small glimmer of hope of justice.

    Regards
     
  8. Duggie

    Duggie Registered User

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    Fully agree. The fight continues.....I’m just hoping the CBI has the same level of conviction as some of us consumers they are supposed to protect
     
  9. The Partnership

    The Partnership Frequent Poster

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    Hi sorry for banging the same old drum in 2019 but has anyone heard back from Danske or the other unmentionables about finishing the Tracker Redress Story

    Regards
     
  10. Duggie

    Duggie Registered User

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    I heard back from them before Christmas but mine is a different case - trying to get my tracker back. They said the CBI had completed its supervision of the Danske TM Examination so not getting tracker back. With FPSO now. Any progress with you?
     
  11. The Partnership

    The Partnership Frequent Poster

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    Hi Duggie I havent heard a word directly from Danske
    We are in an ongoing high court case as described in our posts.We are at the discovery stage of that and hope to have case heard before the end of 2019
    We have a seperate complaint in with the FSPO since april 2018 about an overchargeing and breach of contract but the FSPO have not agreed to adjudicate and investigate yet.
    So we were hoping Danske would have been forced to acknowledge and deal with us because of the ongoing tracker inquiry by the CB.
    Unfortunatly its not looking like that will happen .

    Regards
     
  12. Seagull

    Seagull Frequent Poster

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    Just wondering whether the article in this thread might be of interest in your case.
     
  13. The Partnership

    The Partnership Frequent Poster

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    Hi Seagull
    I read the article on the Ombudsmans decisions and all relevant cases.

    Coincidentally I got a call from the Ombudsmans office yesterday and he informed me they would not start their investigation on the overcharging complaint until after the high court case is heard and finished.
    He explained that he had read our current file and a previous file which documented all our complaints and our dealings with Danske over the past 5 years.
    He was positive about our case
    So we will go to the High Court and hopefully win and then we will go back to the Ombudsman and restart that investigation
    Regards
     
  14. Seagull

    Seagull Frequent Poster

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    Surely someone in danske should be reading articles like that, and thinking it will cost them a lot less to make you an offer than to incur court costs and penalties.