PTSB PTSB - on expiry of fixed rate, tracker rate not specified

Apples82

Registered User
Messages
21
Don't give up all hope just yet then!?! CB last meeting with the committee didn't leave me feeling inspired!
 
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Wardy7

Guest
Well I'm still hopeful!

I will remain so until Padraic says game over! It's difficult not hearing any good news but what choice do we have but to sit tight?
 

Apples82

Registered User
Messages
21
Agree! Life has been so much more stressful since this initially broke in 2015 much more so than the previous years of being overcharged. We aren't getting any younger and grow tired of life being on hold. It would be nice for the end to be in sight one way or the other!
 
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Wardy7

Guest
Well not mine! Isn’t it non-performing loans being sold?

I’m not part of that.
 

PFS7979

Frequent Poster
Messages
147
Wardy... u can rest assured that many people who started on a 0.75% margin then tricked onto a SVR (5% + for quite a period of time) will have had to enter arrangements/split mortgages etc.... remember PTSB are stating they done nothing wrong and Central Bank Review is ongoing.
 
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Wardy7

Guest
Oh I know that. Sure we had to rearrange/extend at one point ourselves.

Thankfully though, we are not in arrears as we’ve never missed a payment. Ergo, not a distressed loan.
 

core123

Frequent Poster
Messages
76
Hi @Suz2015 ,

I've got a 2 responses back saying that they are still investigating. The last one was about 2 weeks ago. A real slow process....
 

fitz2017

Registered User
Messages
17
We raised our complaint in November 2017 and have been getting monthly letters to say they are still investigating and to bear with them. Very slow, 7 months and no answers.
 

core123

Frequent Poster
Messages
76
I think it's part of legislation that they have to give you a monthly update...pretty frustrating all the same
 

fitz2017

Registered User
Messages
17
You would have to hope there is some talking going on in the background between CB and PTSB and that the reason they are slow to get back now.
 

meepman

Frequent Poster
Messages
73
Same her
We raised our complaint in November 2017 and have been getting monthly letters to say they are still investigating and to bear with them. Very slow, 7 months and no answers.
Same here. Get a letter back every month stating they are still investigating.
 

robe

Frequent Poster
Messages
68
When is the central bank tracker review to be completed ?
I presume no one has any update from ptsb yet .
 

fitz2017

Registered User
Messages
17
No update with our case from PTSB, received our usual monthly letter saying still investigating and hope to have it wrapped up soon by post yesterday.
 

Somar

Registered User
Messages
32
Receive exact same letters from PTSB on a monthly basis.
PTSB waiting for the CB to let them off the hook, so in the meantime they are obliged to send out those response letters monthly.
CB likely not to push PTSB as much as other banks because of their poor financial standing, noted of late by the ECB.
Will be high court that will sort this one out.
 

delsalmon

Registered User
Messages
26
Heard back from CAP this week, the usual like a lot of others.
Quote of 1.1% April/may 2007.
Drew down Dec 2007, no margin on contract, 2 year fixed rate.
"Broke out" early Feb 2007.
Redress of tracker 3.25%.
Supposedly with AJ but haven't heard anything of any merit in over 2 years.
Wanting to try every avenue, I made an official complaint to PTSB, and was granted a late appeal from CAP last Feb.
Finally got the bad news. Nothing on tracker rate, which was my main grievance.
So if I go ombudsman, their say is final, but if a later high court rules in favour of a similar case, can I still be ruled on through precedence?
Looks like only hope now is a high court ruling to make a precedent for every other case?
 
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