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

Discussion in 'Tracker Redress' started by Brendan Burgess, 19 Sep 2012.

  1. WhiteCoat

    WhiteCoat Registered User

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    Hi Brendan,

    Do you have details or a link to the details of this decision please? I'd like to understand the rationale.
     
  2. WhiteCoat

    WhiteCoat Registered User

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    46
    Apologies for bumping my query - I'm meeting my solicitor later in the week and would just like to understand the background. Anyone any info?
     
  3. robe

    robe Frequent Poster

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    65
    Hi all. Happy new year.
    Has anybody any news on relevant upcoming court dates on the unspecified rates above ecb with ptsb ?
     
  4. core123

    core123 Frequent Poster

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    73
    Got an email from Padric Kissane office. Padric met with Ger Deering mid December and
    will be progressing mycase to the FSPO in the new year, following receipt of the final response letter .
     
  5. WhiteCoat

    WhiteCoat Registered User

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    46
    Hi Core123,

    Did P. Kissane provide any details / commentary?

    On what basis is he going to appeal to the FSPO?
     
  6. core123

    core123 Frequent Poster

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    @WhiteCoat I received a letter from Padric's office saying he is progressing the cases that were not deemed impacted by the CB investigation that he believes should have been deemed impacted. A member of his team is to get in touch with us over the next few weeks to update us on this.
     
  7. Suz2015

    Suz2015 Frequent Poster

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    Apples82 likes this.
  8. core123

    core123 Frequent Poster

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    @Suz2015 nothing yet. If I hear nothing by the end of this month I'll follow up and update the thread.
     
    Suz2015 likes this.
  9. Apples82

    Apples82 Registered User

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    Could a successful high court challenge on the AIB prevailing rate form the basis of an argument that could be used to help the PTSB group??
     
  10. RedOnion

    RedOnion Frequent Poster

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    Last edited: 22 Feb 2019
    No, specifically in context of 'prevailing rate' which I understand your question to be.

    It's a completely different scenario, so one wouldn't set a precedent for the other. PTSB had a prevailing rate, and made it available - they met the terms of contract.

    AIB just said it wasn't available.
     
    Last edited: 22 Feb 2019
  11. PFS7979

    PFS7979 Frequent Poster

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    138
    Hi red onion,

    There is a difference between expiry of the ptsb fixed rate and expiry of its 'discount period'.

    On expiry of the discount they issued options in a manner inconsistent with the contract. The original contract definitively states the ptsb tracker (undiscounted) would apply and was silent on options expiring etc. I can see they treated customers coming off the discount period in the same way as those coming off a fixed rate... that was very wrong and i hope the fspo can see that.
     
  12. RedOnion

    RedOnion Frequent Poster

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    Correct - I'll edit my post for context. Poster has previously asked about 'prevailing rate' so I was answering in that context.
     
  13. Zeppelin

    Zeppelin New Member

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    1
    PTSB have said Today they have finished their probe into the tracker redress fiasco. ..has a one in here that is impacted have any updates from PTSB or solicitors on the situation and is it at any stage of an outcome ..TIA..new to the forum