Ulster Ulster Bank takes legal challenge over ombudsman tracker decision

Has the Ombudsman Decision pertaining to this matter been published by the Ombudsman yet, does anyone know?
 
Can't find any news about this and I am extremely interested being in the same cohort
 
Guys if someone had some news, they would have posted it.

The courts work very slowly, so it's very unlikely that there will be an actual hearing of the case for months if not a year.

So please do not post "Are we there yet? posts again.

Brendan
 
From the Irish Times today:

A little bit more detail on the court challenges to the Ombudsman. They are all customers who were denied trackers as part of the tracker examination but the Ombudsman decided they were entitled to them. It effects 300/400 customers who have been denied a tracker. Further information in the article below but these quotes kind of sum it up.
All three cases relate to customers who were on variable home loan rates but took up an option in the mid-2000s to move to a tracker rate, linked to the main European Central Bank (ECB) rate, after signing up to so-called flexible mortgage transfer forms.
Click to expand...
The ombudsman decided in each case that the homeowners had an entitlement to return to a tracker rate, as they were never informed on signing a fixed rate authority transfer form that this right would be lost.
Click to expand...
www.irishtimes.com

Ulster Bank intensifies challenge to tracker loan compensation

Bank’s three court cases against ombudsman may have implications for 400 borrowers
www.irishtimes.com www.irishtimes.com
 
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