Brendan Burgess
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An interesting article by Charlie Weston here :
www.independent.ie
And the list of unrsesolved issues
Cases where the banks are refusing to admit there is a tracker issue, or have failed to deal with it in a way that is acceptable to borrowers, include:
:: Some 2,500 cases at Permanent TSB where people were put on a tracker, but with a margin of 3.25pc over the European Central Bank rate, which is not considered to be a tracker;
:: Around 700 cases at Ulster Bank where customers did not start their mortgage on a tracker. They subsequently went on a tracker rate, but then fixed. After that they were denied a tracker;
:: Up to 300 cases at KBC where existing customers were denied a tracker after fixing;
:: Between 200 and 300 cases at Danske Bank where the lender has refused to restore some borrowers to a tracker;
:: Some 5,600 cases at AIB where the bank admitted these people should have been given a tracker, but has not given them one. Instead, it has paid them just €1,615 for the failure to give them a tracker when their fixed rates expired;
:: Roughly 200 cases of staff and former staff at Bank of Ireland who say documents they have clearly show they should have trackers.
Tracker mortgage scandal: Brazen banks refuse to own up to 10,000 cases
Banks are resisting attempts to own up to almost 10,000 more tracker scandal cases.
www.independent.ie
And the list of unrsesolved issues
Cases where the banks are refusing to admit there is a tracker issue, or have failed to deal with it in a way that is acceptable to borrowers, include:
:: Some 2,500 cases at Permanent TSB where people were put on a tracker, but with a margin of 3.25pc over the European Central Bank rate, which is not considered to be a tracker;
:: Around 700 cases at Ulster Bank where customers did not start their mortgage on a tracker. They subsequently went on a tracker rate, but then fixed. After that they were denied a tracker;
:: Up to 300 cases at KBC where existing customers were denied a tracker after fixing;
:: Between 200 and 300 cases at Danske Bank where the lender has refused to restore some borrowers to a tracker;
:: Some 5,600 cases at AIB where the bank admitted these people should have been given a tracker, but has not given them one. Instead, it has paid them just €1,615 for the failure to give them a tracker when their fixed rates expired;
:: Roughly 200 cases of staff and former staff at Bank of Ireland who say documents they have clearly show they should have trackers.