Did Nua Homeloans offer Trackers?

Metatron

Registered User
Messages
37
All irrelevant. CBI have opened the doors on the tracker issue, so there's no need to be looking for anything fancy, in my view.

CBI didn't look at the books of any bank - they all provided data for which they are accountable.

Edit: my post might have sounded dismissive of another professionals work. That wasn't my intention if it's how it's read. Lots of these legal angles are really important when you're taking an action against a bank, and I've been on the other side of documents prepared by people doing similar work.
However, the CBI has put processes in place in relation to trackers to remove the need for lots of these arguments. There are thousands of people who have got their trackers back in scenarios that wouldn't have won in a high court action. The tracker examination process should be exhausted before looking for clever angles. Start might not even know these documents exist if the loans had already been changed to something else before they merged.
Thanks Red Onion, comments appreciated,

Do you think the Central Bank would reopen the tracker mortgage examination now, as it appears from reading Nua’s Consumer Credit Act Notice that all Nua Homeloans variable rate loans are tracker Mortgages?

Do you think I have got a valid case to be put onto a tracker rate?
 

Dpdp01050842

Registered User
Messages
46
Go straight to NUA

Ask to be put on a tracker and refunded any overpayment

If they say no go direct to the Ombudsman with a complaint detailing it all with back up of the loan documentation showing you were entitled to a tracker.
 

Metatron

Registered User
Messages
37
Go straight to NUA

Ask to be put on a tracker and refunded any overpayment

If they say no go direct to the Ombudsman with a complaint detailing it all with back up of the loan documentation showing you were entitled to a tracker.
Thanks Dpdp,
Nua Homeloans merged with Start Mortgages a good while back so they do not exist anymore, complaint is on the way to Start Mortgages.

Looking back on my old Nua statements they also charged me a monthly arrears fee of 50 euro, even if I was in arrears by a 10’er.
 

Metatron

Registered User
Messages
37
Hi Red Onipn,

If I get my tracker mortgage reinstated will my Credit Rating be automatically restored to health. You see, I am in arrears and tried to get a car loan from the credit Union but was declined due to my credit rating.?
 

Metatron

Registered User
Messages
37
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Hi Brendan,

Here is the Consumer Credit Act Notice. I was wondering if you or somebody could bring this to the attention of the Central Bank and Government as borrowers like me appear to have fallen through the cracks. They are meeting before the Oireachtas Finance Committee on Thursday 24th October.

4087
 

Brendan Burgess

Founder
Messages
38,509
Forget the Central Bank

Just show this to your lender and they should implement it immediately.

Do you know how long the Central Bank takes to do things?

brendan
 

Metatron

Registered User
Messages
37
Forget the Central Bank

Just show this to your lender and they should implement it immediately.

Do you know how long the Central Bank takes to do things?

brendan
I will complain to Start Mortgages, but I was just thinking of all the other potential borrowers impacted. If the Central Bank Tracker Mortgage Examination misses the whole lot of us on variable loan rates at Nua Homeloans who and what else did it miss!
 

Brendan Burgess

Founder
Messages
38,509
Don't worry about that now.

Sort out your own loss first. Get the process moving and get your interest rate and balance corrected.

When you have sorted that out, then you can send your file to the Central Bank.

Brendan
 

Metatron

Registered User
Messages
37
Thanks Brendan and Red Onion, Adeptum Limited are submitting my complaint. I will keep ye updated as matters progress. Thanks again.
 
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