AIB Step by step guide to making an appeal on the AIB €1615 tracker

Discussion in 'Tracker Redress' started by Brendan Burgess, 7 Feb 2019.

  1. Ginger2

    Ginger2 New Member

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    Hi thanks for all the information- I only found out about this today I have ordered a pack so hopefully I will get it in a few days.
     
  2. gcarey75

    gcarey75 New Member

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    just ordered appeal pack we need more to join now time is tight for reply thanks Brendan for everything
     
  3. BradyJ2018

    BradyJ2018 Registered User

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    Thank you so much for this Brendan, I have been walking around for weeks with this in my bag just completely overwhelmed of where to start. I will fill It in tomorrow and get it posted.
     
  4. Brendan Burgess

    Brendan Burgess Founder

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    36,813
    I will be talking about the High Court case and trackers generally on Kildare FM with Clem Ryan at 10.10 this morning.

    Brendan
     
  5. Ericson

    Ericson New Member

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    Have applied for my appeal pack today. I had lodged the €1,615 cheque last year and forgotten about until I saw Charlie Weston's article yesterday.
     
  6. David_Dublin

    David_Dublin Frequent Poster

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    If there was even one or two instances where AIB gave a tracker rate between 2008 and 2011/2015 that was .5% or .75% or thereabouts it would be a very difficult case for AIB to defend that the prevailing rate would have been 7.9%. Even without that, it must be a very difficult position to support.
     
  7. zxcvbnm

    zxcvbnm Frequent Poster

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    Only saw this now. If a link is available to the audio that would be great.
     
  8. CHughes

    CHughes New Member

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    I have contacted the fspo today and asked for clarification that taking a case with them will not at all prevent any customer from being eligible to be part of a high court action on the matter. My understanding is you can’t take a case that was legally decided on already to the fspo but I think the opposite is not true I.e. that taking the fspo complaint cannot bar you from the outcome of a high court action for all customers. I await clarification however and will post the reply once received.
     
  9. Jadzia

    Jadzia Registered User

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    Have requested an appeals pack also and will complete and return before the deadline. Thanks for your guidance Brendan.
     
  10. Trackscandal

    Trackscandal Registered User

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    Last edited by a moderator: 13 Mar 2019
    Attached is an appeal form for AIB. You just need to post to the attached address - write "Freepost F5183" on the envelope and you won't need a stamp.

    The appeal pack does also include some information, (10 pages), of its "Terms of reference and Panel Rules", however if you are using the format that Brendan is suggesting then just print the attached appeal form and away you go.

    This appeal pack is for the IRPA panel within AIB - It is for people who have not lost houses either through voluntary sale or not because of the Tracker debacle.

    You don't have to wait for an appeal pack from AIB.

    Hope that helps.
     

    Attached Files:

    Last edited by a moderator: 13 Mar 2019
    coolaboola12 likes this.
  11. kopkidda

    kopkidda Frequent Poster

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  12. Brendan Burgess

    Brendan Burgess Founder

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    36,813
  13. Trackscandal

    Trackscandal Registered User

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    Brendan,

    The address was a copy of the envelope I received with the appeal pack.

    Personally i would prefer to send it direct to BDO and to the address you gave.
     
  14. Shano1975

    Shano1975 New Member

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    If your sending a letter to BDO or AIB I'd advise getting it registered. Not the smartest tools in the box these guys. Register everything.
     
  15. reggie3234

    reggie3234 Registered User

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    Just sent my appeal off, thanks again Brendan for this post and highlighting this issue in the media.
     
  16. Brendan Burgess

    Brendan Burgess Founder

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    I would see no need for that. If you want to spend the money, fair enough.

    But don't let distance from a post office delay you getting this done.

    Brendan
     
  17. BradyJ2018

    BradyJ2018 Registered User

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    Has anybody received a reply to their appeal yet?

    Brendan thank you so much for this. I am on the way to post office now
     
  18. tnegun

    tnegun Registered User

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    Thanks Brendan I've completed the appeal and will post today
     
  19. Brendan Burgess

    Brendan Burgess Founder

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    Folks, I have sent this email to politicians, mortgage brokers and others who might well know people affected by this. Perhaps you could do the same.

    Brendan

    Subject: Do you know anyone who got €1,650 tracker compensation from AIB?

    6,000 AIB borrowers had a right to be offered a tracker at the "prevailing rate" when their fixed rate ended. AIB did not do this, and so were forced by the Central Bank to give them €1,650 compensation for their "service failure". AIB has also offered them a tracker at ECB +3.32% margin.

    If anyone has told you that they got a letter out of the blue from AIB with a cheque for €1,650 please forward them this email.

    They have a right to appeal this and I am encouraging everyone to do so, so that AIB will know that this particular tracker issue has not gone away.

    To make it easy, I have done the following

    Step by step guide to making an appeal on the AIB €1615 tracker
    If you know anyone affected by it, please send them this link. The deadline is mid March

    My argument is that the "prevailing rate" is 1.25% and not 3.32%.

    We will be launching a High Court challenge on the issue as well. If successful, it could be life changing for these people.

    I have also tweeted about it here:

    https://twitter.com/BrendanBurgess/status/1094694498209357824
     
    bungaro likes this.
  20. Number5

    Number5 New Member

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    Appeal pack received and filled out, will be in the post tomorrow, thanks so much for this guide, I hadn't a clue how to go about this.