EBS Independent Panels Decision - Unsuccessful

nowhere123

Registered User
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I'm an EBS customer and am part of the Tracker Redress Program. I've just received a letter from BDO with an "Independent Appeals Panel Decision" of "unsuccessful".

Details:
Buy to let property purchased in 2005. Due to financial difficulties encountered during the period 2008 and 2010 the bank re possessed the property and sold it leaving me with a shortfall of approx 100k.
In 2014 the bank wrote to me informing me that I had been over charged as part of the Tracker scandal and gave me a paltry sum for compensation. They did however write off the outstanding 100k.
I didn't feel that compensation was adequate, given that i had lost a property in a very good location, so I engaged the services of Padraig Kissane to represent me during the appeal of the compensation decision.
A period of over and bank between the bank and I ensued. They were adamant that the sale of the property was not due to their failure to apply the correct interest rate. I strongly disputed this contention.
The "Independent Appeals Panel" now seems to share the same opinion as the bank.

Obviously I am going to discuss this further with Kissane's office but does anyone else have a similar experience and if so is perusing the matter further with the ombudsman and / or through the courts a realistic option?

Any advise is much appreciated.
 
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