AIB Why AIB will not honour their mortgage contract

V

verywhys

Registered User
Messages
130
AIB’s new CEO Colin Hunt is satisfied with the banks current position not to honour the mortgage contracts of 6000 customers...but why?

Is it because the central bank are satisfied with their argument?

Are AIB willing to accept the damage to their brand as this issue gets dragged through the High Court?

Why is the government sitting on their hands and not using the states 70% ownership to enforce AIB to put this right?

Are AIB really looking for better remuneration for staff on one hand while doing 6000 families out of their money on the other?
 
If you have a contract with another party that is not performing to the letter of the contract you can seek a remedy through the Courts seeking redress, you speak here of AIB but it does not matter who you have your contract with or why.

Banks stopped caring about their brand and reputation a long time ago.

The issue in Ireland is that we cannot take a class action suit against large companies, that makes it harder for the small guy to get redress without fear of massive legal bills.

That said if you are right you will win, check your contract, prove you have suffered financial loss and get yourself good legal advice before you go chasing shadows.

Staff are employees, your final point is somewhat unfair.
 
Yes staff are employees and I do feel sorry for the lower paid hardworking staff of AIB that deserve better remuneration or better salaries but let’s not pretend it is these people that will benefit most from these bonuses and remuneration...it is the upper management and executives who want to pat themselves on the backs for a job well done in denying 6000 people the correct redress and compensation...it’s a disgrace...in my opinion the central bank should have done more and the government should be doing more
 
AIB keep confusing the issue, even some of the most vocal politicians get confused by their responses and I believe its a tactic. AIB have admitted the 6000 were entitled to a tracker but say no prevailing rate existed and engineered one that works in their favour by showing the customer suffered no detriment. What needs to be proven is that a rate did exist and this was ECB + 1.5% if its kept that simple the rest falls into place.
 
Last edited:
All that really needs to be proven is that the tracker rate was never withdrawn for these 6000 customers as there always existed a prevailing tracker rate for existing customers....the AIB press release only withdrew the tracker rate for new customers....it is fairly straight forward....AIB are only going to do themselves more damage in the long run, with legal costs and bad publicity....
 
You must log in or register to reply here.
Back
Top