Landlords Alliance – Emergency Euro Elections Statement21:09 PM, 21st May 2019
About 2 days ago 55
I just created the petition “Bank of Ireland – DO NOT change interest differentials on Tracker Mortgages” and wanted to ask if you could add your name too.
This campaign means a lot to me and the more support we can get behind it, the better chance we have of succeeding. You can read more and sign the petition HERE:
We were the first to report this and our article has now had over 16,000 readers. We have a Class Action running for which Property118 underwrote the the cost of Counsels opinion, which came back VERY positive by the way. The BBC, the Times and many other national media have posted jouro requests on our forum for stories from affected borrowers. See >>>http://www.property118.com/index.php/bank-of-ireland-increase-differential/37002
P.S. Can you also take a moment to share the petition with others? It’s really easy – all you need to do is share this link on Facebook or Twitter:
Bank of Ireland are wrong to change interest differentials on Tracker Mortgages taken out before 31st October 2004 just because there was no regulation at that time. The mortgage contracts and associated marketing were misleading. Imposing these terms, which were buried in small print, and only those which pre-dated mortgage regulation is totally unfair.
Affected borrowers will pay substantially more than they believed they would be paying. If one lender is allowed to get away with changing mortgage terms in this way what’s to stop other mortgage lenders copying them? You may not be affected by this change but stopping Bank of Ireland might prevent your mortgage lender imposing unfair terms on your mortgage in the future. No borrower with a tracker rate mortgage can afford to allow Bank of Ireland to get away with this.
The petition results will be shared with our Press Contacts at the BBC and The Times so do feel free to leave a comment below too. We will also be sending the results to politicians and the Financial Ombudsman.
REMEMBER – whether this affects you directly or not, it is still in your interests to sign this petition, especially if you have a tracker mortgage.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More