MichelleSinead
Registered User
- Messages
- 11
Just wondering if anyone can help me understand this as UB haven't been helpful so far!
I got the letter last week to state I was part of the tracker mortgage examination, I am very lucky in that they have already lodged an amount into my account as the "redress" I assume.
There is a credit for 45,359.68 and then a debit for €26,031.95. My balance owed has reduced by €19,327.73 the difference between the two amounts above.
I called Ulster Bank TME department as stated on the letter and they said they cannot give me any information on it but that the "Redress and Compensation letter" is still being drafted and will be with me before the end of May.
I firstly assumed the €26K is the part they have to pay back to Revenue as TRS but Revenue haven't paid more to the mortgage than me so I doubt that is the case.
Now I'm thinking the 45K is the full interest I paid and the 26K is what I should have paid?
Has this happened to anyone? Any ideas as to why the credit then the debit?
Appreciate any input, I know plenty of you have been waiting a long time and I am very lucky to have mine addressed so quickly, just curious but will have patience and wait it otherwise.
I got the letter last week to state I was part of the tracker mortgage examination, I am very lucky in that they have already lodged an amount into my account as the "redress" I assume.
There is a credit for 45,359.68 and then a debit for €26,031.95. My balance owed has reduced by €19,327.73 the difference between the two amounts above.
I called Ulster Bank TME department as stated on the letter and they said they cannot give me any information on it but that the "Redress and Compensation letter" is still being drafted and will be with me before the end of May.
I firstly assumed the €26K is the part they have to pay back to Revenue as TRS but Revenue haven't paid more to the mortgage than me so I doubt that is the case.
Now I'm thinking the 45K is the full interest I paid and the 26K is what I should have paid?
Has this happened to anyone? Any ideas as to why the credit then the debit?
Appreciate any input, I know plenty of you have been waiting a long time and I am very lucky to have mine addressed so quickly, just curious but will have patience and wait it otherwise.