#### Brendan Burgess

##### Founder

- Messages
- 40,246

AIB has agreed to implement the Ombudsman's decision in Karen's case

1) They will write down the value of your mortgage by 12% of the amount you owed when your fixed rate ended.

2) They will refund you the interest charged on that write down

If you had a mortgage balance of €100k when your fixed rate ended, your mortgage balance today will be written down by €12k.

If you want to work out how much interest was charged, you will need a big Excel spreadsheet, and the dates of every interest rate change since you came off the fixed rate.

If you don't fancy doing that, then, my very rough approximation is that it will be about a further 4% of the balance on your mortgage when the fixed rate ended.

This would depend on a few factors. If your fixed rate ended before 2010, it will be a bit more. If it ended after 2010, it will be a bit less.

1) They will write down the value of your mortgage by 12% of the amount you owed when your fixed rate ended.

2) They will refund you the interest charged on that write down

If you had a mortgage balance of €100k when your fixed rate ended, your mortgage balance today will be written down by €12k.

If you want to work out how much interest was charged, you will need a big Excel spreadsheet, and the dates of every interest rate change since you came off the fixed rate.

If you don't fancy doing that, then, my very rough approximation is that it will be about a further 4% of the balance on your mortgage when the fixed rate ended.

This would depend on a few factors. If your fixed rate ended before 2010, it will be a bit more. If it ended after 2010, it will be a bit less.

**Just to be absolutely clear, the 4% is***my*estimate. The Ombudsman's decision is to refund the interest charged on the write-off.
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