Wednesday, 13 March 2013

Latest news on the Bank of Ireland row

Latest news on the Bank of Ireland row (see earlier post).
This from the Daily Telegraph -
It is understood that some of the customers affected are prepared to take their case to the Financial Ombudsman Service after Bank of Ireland turned down a complaint that it had breached legislation on unfair terms and contracts.
See -
Mortgage Solutions website -
A number of Bank of Ireland customers affected by the recent increase to tracker mortgages have been offered £1,000 to leave the bank.
See -
IFA Online website -
Andrew Tyrie, the chairman of the Treasury Select Committee (TSC), has written to the Financial Services Authority (FSA) over a decision by the Bank of Ireland (BoI) to raise mortgage interest rates.
In his letter, Tyrie said he was "very concerned" by the move and queried whether it could be deemed a case of product mis-selling.
He has also asked whether it will be taking a closer look at the clauses within the affected contracts.
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