aibredress
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did most people get 1.74% or are there different figures?
I think there were only two rates 1.55% and 1.74%.did most people get 1.74% or are there different figures?
I believe that the people in the 300 Cohort that got a tracker rate of 1.55% should have actually received a rate of 1.15%I checked with AIB and the 1.55% is for LTVs of 50% to 80%
And the 1.74% is greater than 80% LTV.
Brendan
could you elaborate why? Would be happy to send in a complaint but would want to arm myself with info firstI believe that the people in the 300 Cohort that got a tracker rate of 1.55% should have actually received a rate of 1.15%
And people who got a tracker of 1.74%, should have received a tracker rate of 1.50%.
I would advise people to sent in a official complaint in writing.
I still can't get my head around the CBI intervention to be honest just because they entered the realm of the hypothetical. They said to AIB well, this is what you would have done or should have done with the benefit of hindsight 12 years later, and this is the rate should have been 12 years earlier.When AIB stopped providing tracker rates in Oct 2008, their LTV tracker rate for < 80% was 1.15% and their tracker rate for LTV > 80% was 1.50%. We were told by the CB that it takes approx 12 weeks to introduce new tracker rates (the reason we were given tracker rates was because AIB was introducing new rates).
In my opinion, the new rates should not come in to effect until after mid Jan 2009. Therefore, we should have being offered the rates as of Oct 2008 and not the new rates.
Thanks Bronte. Thats very helpful indeedWhen AIB stopped providing tracker rates in Oct 2008, their LTV tracker rate for < 80% was 1.15% and their tracker rate for LTV > 80% was 1.50%. We were told by the CB that it takes approx 12 weeks to introduce new tracker rates (the reason we were given tracker rates was because AIB was introducing new rates).
In my opinion, the new rates should not come in to effect until after mid Jan 2009. Therefore, we should have being offered the rates as of Oct 2008 and not the new rates.
As you are in the 300 cohort and if you are now on a tracker rate of 1.55%, then in my opinion, you should be on a 1.15%can the bank change the amount or percentage of the tracker? ie if someone was put onto a lower rate, could the bank change that to a higher rate and vice versa?
If the bank had you on 1.15% not the 1.55% as other poeple have been put on, could they change that to 1.55%?