Bank of Ireland tracker mortgage % increase

rate_hike

if ure not aware property118 are forming a class action. We need to fight this as a hole, going it alone to me is madness, use profesionals in there feild.

pandersturn

rate_hike wrote: »

if ure not aware property118 are forming a class action. We need to fight this as a hole, going it alone to me is madness, use profesionals in there feild.

yes already done that, i agree we need professional advice because it looks like we are on our own.

brit1234

pandersturn wrote: »

yes already done that, i agree we need professional advice because it looks like we are on our own.

What will you do if the professional advice says the bank is in the right? After all this is money saving expert and everything to come out so far is it is legal. You need to consider if the costs of hiring a barrister are going to be worth it. They have a tendency to take money with little chance of winning.

If it even gets to court and they lose are you prepared to fund an appeal?

pandersturn

brit1234 wrote: »

What will you do if the professional advice says the bank is in the right? After all this is money saving expert and everything to come out so far is it is legal. You need to consider if the costs of hiring a barrister are going to be worth it. They have a tendency to take money with little chance of winning.

If it even gets to court and they lose are you prepared to fund an appeal?

yea i know but its only 120 quid in the grand scheme of things and then i will see.and if advice is a no go so be it,also the legality hasn't been proven one way or the other on M.S.E it will take a judge to decide.although it looks like powers in higher places are washing there hands of it.

Thrugelmir

brit1234 wrote: »

They have a tendency to take money with little chance of winning.

A barrister is unlikely to proceed with a case for the sake of it. Ultimately their reputation us at stake. Also there needs to a fighting fund in hand. As a few days in the High Court will cost an enormous sum of money.

disposalist

pandersturn wrote: »

just been in touch with the F.O.S and they have told me they will not be getting involved due to it not being regulated,thought they were already dealing with it ?.

!!!

That would be pretty awful of them! Who the f**k does deal with it if the FSA/FCA says it's before their remit and the FOS says it's 'not regulated'?!

Did they give you any further advice, or just let you down?

I'll give them a ring tomorrow and let you know what they say to me.

pandersturn

disposalist wrote: »

!!!

That would be pretty awful of them! Who the f**k does deal with it if the FSA/FCA says it's before their remit and the FOS says it's 'not regulated'?!

Did they give you any further advice, or just let you down?

I'll give them a ring tomorrow and let you know what they say to me.

Cheers that would be helpful, no they didn't give me any advice,but i have emailed them to confirm just in case the guy didn't know what he was talking about.has anybody else been given any information by the F.O.S.

pandersturn

just got a generic answer from F.O.S stating that they only look into financial business, am i going insane, what do they think this is?

safestored4

If all you poor buy to letters can't cope with a 4% mortgage rate what are your plans for when interest rates revert to a non manipulated normal rate? Accompanied of course by further caps on housing benefit so that the rest of us are no longer expected to subsidise your over indebtedness.

pandersturn

safestored4 wrote: »

If all you poor buy to letters can't cope with a 4% mortgage rate what are your plans for when interest rates revert to a non manipulated normal rate? Accompanied of course by further caps on housing benefit so that the rest of us are no longer expected to subsidise your over indebtedness.

that's exactly what we and many others are bothered about you've got it,and there not all B.T.L.when rates start to rise we will be starting from a base at 4.99%.