Bank of Ireland tracker mortgage % increase

Thrugelmir

rate_hike wrote: »

Consumer Rights bill, BofI are criticising an endorsement of the idea that this might be the focus of a relevant amendment to the Bill.

Why are they criticising it? Who else is?

rate_hike

If the Bill gets changed then the outcome will be in our favour in a court case. / MPs are.

Thrugelmir

rate_hike wrote: »

If the Bill gets changed then the outcome will be in our favour in a court case. / MPs are.

Legislation won't be retrospective. If anything will be forward dated.

rate_hike

Very good news to be announced on 118 open Forum in a few day to a week.

Mrs_Mac_1

See thread West Brom increase buy to let tracker rates on moneysaving expert

Lewis_Ranieri

Rate Hike - AKA Mark Alexander from Property 118


The Property 118 representative action will fail against Bank of Ireland and West Brom because of one simple fact, your Barrister at Law, Mark Smith has omitted from the Claim the very point that allows the Banks to increase Interest Rates as they see fit.


THE POWER OF ATTORNEY contained within the Mortgage Terms and Conditions permit the Bank to hike Rates as they see fit as you well know. You are neglecting to mention this to the Mortgagors in your Claims. You are also neglecting to mention you are being paid as a Consultant by Cotswold Barristers. Not to mention neglecting to mention your previous company The Money Centre was closed down for Mortgage Fraud with two brokers sent to prison.

Lewis_Ranieri

Mrs Mac 1 - the post you are referring to has been deleted courtesy of Mark Alexander's threats of Libel Action against various parties exposing his merry collection from distressed Mortgagors.

rate_hike

Sorry lewis Im not Mark A only in your mind

pingua

Bit of an old thread but I was wondering the outcome of all this?

summersetsheep

I am baffled by this thread.

Trackers go up and down according to the terms and conditions. BoE interest rates were like 14.87 in 1991 and 15.1 in 1981 (search Bank of England interest rates to find the article)


My credit cards are between 12% and 17%. The credit card company can change my interest rate at its own whim as long as they inform me.

If you're borrowing money, it really is how the game works. I am not sure if you have grounds for complaint.

If I was on a credit card at 17% and when it rose to 20% I could not afford it - then I could never afford it to begin with. This is the problem with borrowed money. You cannot have your cake and eat it too.