To do that, I need to get as much information as I can on the way in which Bank of Ireland marketed Tracker Mortgages to customers around 2005. In particular, I am looking for brochures, information provided, that sort of thing.
I need to check what information was given about the consequences of fixing interest rates in 2006 for people on tracker rates. I certainly didn't know.
c.
Instead of brochers, what is key for you is your original mortgage documentation, do you have a copy of that ? If not, your solicitor might, and the bank certainly has it.
Re the info in 2006, I don't think the banks actually informed customers of the consequences of fixing, if you were on a tracker. But I believe the Ombudsman is recently stating that they should have. I think the banks were relying on small print ' seek legal advice before signing' something along those lines. Of course nobody took independant legal advice before signing these forms. And that is the point. People didn't know they were signing away their trackers, or being blindly led into losing their trackers. But the banks should have been clear on this, and there were deliberately not so. But it's hard to prove that.
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