Haven't seen the Finance Committee meeting yet will have to wait for replay. That is interesting, thanks for the highlights. If the Committee can apply pressure then that is only a good thing. I already asked the Committee to ask what the VBR is, it's a pity they didn't ask the CB today. PK sent that update only yesterday saying that it would be case by case for EBS but he wasn't giving up.Hi YerGrand
- that is not reflected as far as I heard in the Finance Committee meeting this morning
- by the tone of those on the committee I think they believe that this is far from concluded and that the banks continue to treat customers with total disdain
- I would strongly urge people to write directly to the Central Bank - they unequivocally said today that they review and take seriously all correspondence sent into them..
I would also urge people to contact the finance committee and ask them to look for concrete answers / EVIDENCE on what was a VARIABLE BASE RATE from EBS and Haven mortgages in the years around 2008.
and yes if proper pressure is not put on now by the people affected .....then yes this cohort will be ignored so i would really urge everyone on with these dodgy loans from EBS that magically / conveniently turned into a SVR in mid 2008 i.e VARIABLE BASE RATE and who most likely have a dodgy loan document - with missing details and completely lacking of any definition of the rate 'variable base' .......start making noise
Also note John McGuiness referred specifically to the behaviour of EBS in 2008
he had an email in which they instructed their agents and how outrageous this behavior was - basically they they told them to go and sell mortgages no matter what and they set an expectation of much they were expected to generate etc
That's a good idea, I will do this too with my local TD.On Fri of last week, I emailed my local TD and ask him to raise it as a PQ. I asked for definition as to what Variable Base Rate Mortgage was in 2007. I also cc the CB and EBS.
I am also in the process of switching mortgages as we are feed up of EBS high interest rates.