Hi All, Great question Corktim
There are many who have been already told they are not impacted by the investigation, but here is the important bit, told by the relevant Bank and not the investigation as it is not concluded.
The final decision for accessing who is impacted, or not, will rest with the Central bank and not the lender. Each lender will be challenged as part of the investigation and there will need to be clear reasons for those that are not impacted following the assurance phase of the investigation. I have raised the issue in regards to cases which are ultimately decided are not impacted (many of whom will still believe they have a case) and what occurs for those cases in terms of appealing the decision etc. because the statute of 6 years will come against each loan that will be deemed outside the investigation, and as such the courts and FSO will not be an option. I have asked that this is reviewed by CB as it could become important if the ultimate decision excludes many from their tracker rates. In other words who challenges the position of the investigation if many are disappointed by the outcomes. You can be certain if there are clear concerns I will be.
Any further queries please let me know Padraic