Are you BOI customer?Morning Guys
I have been following the threads since getting my letter to tell me i was included in the tracker issue.
i received the letter 24/11/2017 so i said i will give BOI a week and ring them each and every week for an update.
So i called Kerry this morning for an update and was told rather than to expect a transfer or juicy chq for the over payments the lump sum would be adjusted on the outstanding amount owed on the mortgage and the compensation would be issued in funds back into current account or in chq. Lucky i didn't order the Range Rover after all.
Also the before xmas time frame only applies to the issuing of the first notification letters and the redress doesn't seem to have a completion target.
Delighted for u that you are sortedI was recently refunded by BOI. I was given the option to have my mortgage amount reduced by the amount owed in redress and compensation or have the money transferred to my current account. I opted for the latter. Were you in arrears in your mortgage? If not, it sounds like you were given incorrect information.
Were you on a tracker b4 you fixed?We split our AIB mortgage 50/50, with 50% on the tracker, and 50% on a 3 (or maybe 5) year fixed. It reverted to standard variable rate when the fixed period elapsed. Was there an onus on them to offer a tracker rate then? We could have gone 100% tracker from the outset but chose to have some element known or fixed.
It is unlikely u are affected as I don't think they needed to offer you a tracker when u weren't on a tracker initiallyWe split our AIB mortgage 50/50, with 50% on the tracker, and 50% on a 3 (or maybe 5) year fixed. It reverted to standard variable rate when the fixed period elapsed. Was there an onus on them to offer a tracker rate then? We could have gone 100% tracker from the outset but chose to have some element known or fixed.
It is unlikely u are affected as I don't think they needed to offer you a tracker when u weren't on a tracker initially
We split our AIB mortgage 50/50, with 50% on the tracker, and 50% on a 3 (or maybe 5) year fixed. It reverted to standard variable rate when the fixed period elapsed. Was there an onus on them to offer a tracker rate then? We could have gone 100% tracker from the outset but chose to have some element known or fixed.