Ulster Bank overcharged 9,800 customers who drew down loans between 2001 and 2008

Brendan Burgess

Brendan Burgess

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I missed this at the time.

Ulster Bank to refund 9,800 mortgage holders who were overcharged



Ulster Bank is to refund 9,800 mortgage account holders in the Republic who were overcharged on the interest rate on home loans drawn down between 2001 and 2008.


Customers are set to receive refunds of €2,300 on average, plus compensation ranging from €100 upwards. Most will receive compensation of €500, the bank has confirmed, and the payments will be made to impacted customers by the end of 2019.
 
I hope that I am possibly in this group by virtue of drawing down a mortgage in 2002 but I have heard nothing from UB and a query has gone unanswered. I wonder if anyone had heard from them? the newspaper reports were short on detail but if it is almost 10,000 people surely some are on AAM
 
@Brendan Burgess
It got a mention, but buried in one of the tracker forums

Ulster - Ulster Bank Finds Mischarged Customers During Tracker Examination

As Ulster Bank checked their mortgage account books during the TME they checked all accounts (not just trackers). They have issued a statement today saying that they have overcharged 9,800 customers, and undercharged 8,500 customers. These customers drew down on mortgages between 2001 and 2008...
www.askaboutmoney.com
 
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