Hey Raj,
Heard Mr Kissane on Newstalk. He was saying that the prevailing rate problems is still a live issue which would suggest the new 3400 accounts does not include that cohort.
Do you have a link to this article? Can’t seem to find it or anywhere that AIB have confirmed this new group of affected accounts is to do with issue of prevailing rate.Per article in Irish times, AIB identified an additional 1800 accounts under the "prevailing rate" cohort. The issue of "prevailing rate" itself is still a live issue.
Guys I went to the AIB AGM today to raise the AIB Prevailing Rate issue. There was one other borrower who spoke from the floor and did interviews with RTE outside.
I am amazed that none of you came along and raised the EBS issue.
Brendan
Sure we had you there to advocate for us! I have a job so couldn't attend.
Was there any specific mention of the EBS issue?
Many issues indeed.There are many issues to raise. I focussed on the 4,000 AIB prevailing rate issues.
You should have arranged to buy a nominal shareholding or else got proxies to raise your issues.
Brendan
Do you have a link to this article? Can’t seem to find it or anywhere that AIB have confirmed this new group of affected accounts is to do with issue of prevailing rate.
A penny for your thoughts as EBS seem to be getting a very easy ride (in the media anyway) compared to other banks.
Hello,
I took a mortgage out with EBS in 2006. The first year was on a tracker rate and it then reverted to a SVR in the second year. This switch of rates as far as I can recall was stated in the initial loan agreement. Subsequently I sold the house under a voluntary sale for loss scheme. Would anyone know whether being switched from the tracker to the SVR falls under the tracker redress scheme or anyone in a similar circumstance?
Thanks
There is no clarity on how many EBS customers have been affected or redressed. The only figures released have been from AIB and it looks like they subsume the EBS cases. So we’ll never know if EBS customers specifically are redressed and what EBS customers have been redressed e.g. variable base cohort, prevailing cohort.hi all,
I was travelling and missed this article, hopefully the recent enforcement action will allow CB to open EBS a bit more and start to apply meaningful pressure.
https://www.independent.ie/business...-and-lost-trackers-to-thousands-36814542.html
"EBS has not put any homeowners back on trackers since last July. I don't know why the Central Bank is allowing this.
"I would challenge EBS to show me one customer who was warned, in writing or verbally, that they would lose their tracker if they opted for a fixed rate," Mr Kissane said.
best wishes,
BW
Some buy to let cases are in redress. No others as far as I know.not a word....EBS I feel will need to be dragged kicking and screaming to redress.
Have EBS settled any cases?
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