Bank of Ireland tracker mortgage % increase

rate_hike

All the experts are out today. suggest you check your phone contracts & insurance for them if you have one. then see what you have signed. ( forgot your to clever to get cault out ).

brit1234

rate_hike wrote: »

We dont take out mortgages to gamble with. The Bank may have acted illegally with unfair clause you cannot blame us for trying to get it overturned as im sure you would if you was affected ?

Wrong on both accounts. The clause is legal and fair. What makes the cause illegal? I think the extreme circumstances clause is completely justified when the lender borrowers money at a higher rate than it charges its borrowers and the bank is going bankrupt rapidly.

Do you want the BOI to collapse and need to be bailed out by Irish and British taxpayers just so you can keep your ultra low rates?

I'm starting to suspect that many of these landlords complaining have overstretched themselves in home buying and have very little equity to remortgage.

brit1234

rate_hike wrote: »

All the experts are out today. suggest you check your phone contracts & insurance for them if you have one. then see what you have signed. ( forgot your to clever to get cault out ).

I do already, whats your point? Rate Hike don't tell me you don't read your phone contracts or insurance as well?:doh:

rate_hike

Brit1234

I said it may be illegal thats why its being contested read Mail on Sunday artical.

No I dont wont the bank to collapse, Bank states it has a strong UK market so I dont think it would collapse, but I would like to see residentials get off as im covered by the rent where do they get extra funding from ?

Yes do have contract phone would,nt take insurance due to clauses especially the cover if you get phone stolen? suggest you read that & uve signed that and your as reckless as me

brit1234

rate_hike wrote: »

Brit1234

I said it may be illegal thats why its being contested read Mail on Sunday artical.

You mean one solicitor Justin looking for tiny technicalities rather than having a strong argument.

rate_hike wrote: »

No I dont wont the bank to collapse, Bank states it has a strong UK market so I dont think it would collapse, but I would like to see residentials get off as im covered by the rent where do they get extra funding from ?

:rotfl:The UK banking system is in dire state hence 0.5% base rate, QE and funding for lending. Not to mention all the mergers and nationalisation of half of them.

rate_hike wrote: »

Yes do have contract phone would,nt take insurance due to clauses especially the cover if you get phone stolen? suggest you read that & uve signed that and your as reckless as me

I don't take out phone insurance. I buy the phone and get a cheaper contract saving me money.

pandersturn

all the above is what is wrong with this forum that's why most people with serious issues with the B.O.I rate hike have left it.to many people having a laugh at others expense.

JimmyTheWig

pandersturn wrote: »

all the above is what is wrong with this forum that's why most people with serious issues with the B.O.I rate hike have left it.to many people having a laugh at others expense.

I agree that it is wrong to laugh at others' expense.
But at the same time I think that it is right that people who know about this sort of stuff make their points on here.
It would be wrong of us to sit back and let the people affected talk only amongst themselves, all agreeing how bad this change is and that it must be illegal. And then from that standpoint pay out thousands in legal fees to then find out that people who weren't affected (e.g. the judge) didn't agree with them.

rate_hike

BoI are letting of 1200 customers just anounced on 118

JimmyTheWig

rate_hike wrote: »

BoI are letting of 1200 customers just anounced on 118

That's great news.
Do you know if this is anything to do with the cases being prepared by Justin?

rate_hike

Dont think so, BoI said to the FSA at the time it would look at case by case, thats my understanding. theres a bit more info on martins blog.