GREEDYGUTS wrote: »
I have little sympathy for those affected by this.
What have you been doing with all the money you had from the ridiculously low rates you were paying ?
Wake up to reality.
dunstonh wrote: »
And none of that makes it a mis-sale. It makes it a contract that has terms which may be considered unfair. Although that has to be determined.
Mis-sale is when the person selling it does something wrong. The seller is responsible. This is a contract issue. Not a mis-sale issue. The provider has the issue here. Not the seller.
andys15 wrote: »
Does this apply to the post office mortgage now bank of Ireland. I finished my fixed deal and now pay 1.49% above the boe rate. It does say 1.49 variable but I always assumed the variable bit was the boe rate.
Beej_1973 wrote: »
Clearly not got any customer to dispense your advice........
dunstonh wrote: »
I cant see how its a mis-sale. The issue isnt about the sale of the product but the contract.
noddynoo wrote: »
They are a tracker with a clause which in effect says they remain a tracker until the rate becomes a disadvantage to the bank and then they can vary it.
Hobby wrote: »
no one has complained that they cant afford the increase.
JimmyTheWig wrote: »
If the customer was advised to take out this mortgage and the advisor didn't mention this clause, would that not count as mis-selling?
My argument on mis-selling is that even if it was mis-sold, most people probably would have gone for the same product anyway. And most other people would probably be in a worse situation now than they are if they had gone with a different one.
Whether or not it is mis-selling I don't know. But I am fairly confident that not many people will have anything to personally gain by it being declared mis-sold.
This first-time buyer wants your thoughts
Was it right?
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