Brendan Burgess
Founder
- Messages
- 52,140
on 08/01/09, we wrote to AIB looking for our options to break out of the fixed rate.
Hi Brendan and tnegun,
this is very interesting. We took out a Mortgage of fixed for three years with clause 3.2 in August 2008.on 08/01/09, we wrote to AIB looking for our options to break out of the fixed rate. AIB did not reply until we contacted them again in March 2009 Where they supplied a huge breakage fee and only option of SVR.
i am going back to the ombudsman here
If you requested a break out quote during this period over the phone or by email, then you have a case to argue.
Claude "wrote" to AIB after the deadline. So I see no case.
Brendan
I got a letter on 8th January 2009 telling me the 7k breakage costs
A completely separate issue and has nothing to do with this thread.
Didn’t breakout cos of the cost , I would have broken out in December if I knew there was no breakage costs as they say they told me but never put it on paperBut you didn't break out!
So I don't think you have any case.
A lot of people paid the breakage fee and broke out. Now they are getting the cheap tracker and appropriate compensation.
Again, it's not what I think that matters. It's what the Ombudsman thinks.
He might hold that they should have told you that you were entitled to a cheap tracker.
Brendan
I have a letter 6th Jan stating clear breakage fees. Broke out Jan"BTW As far as I remember, there was no breakage fee for breaking out of the Fixed Rate at this point. " - This is the part that i find distinctly unfair. As i say in my above posts if i had received proper communication from AIB that there was no breakage cost to get out of fixed then i would have done that and been in the 300 cohort but all im getting from AIB is "we left you a voicemail saying there was no breakage costs"
If that question is for me then the answer is I knew all this information before I contacted them but they repeated back to me all the details un prompted.
I gave my account number and the guy rattled off the details
I think AIB have left themselves wide open now for the rest of the cohort to appeal. The cut off date is tantamount to discrimination it's not written anywhere and was defined after the fact. Either there was or wasn't tracker rate available after October 10th 2008 this just enhances our case for one.
So the new date is 12th Jan. We broke out just 9 days later..absolutely gutted.
In the period since then we were forced to go interest only due to recession paycuts and while I battled cancer. Because of this we are a fair bit behind where we would have liked to be in terms of mortgage balance.
Do you think they may review our case given the closeness to the cutoff? Do they actually look at it case by case on a human level?
We already received the capital reduction but being put on a tracker would truly change our lives
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?