Friday August 7, 2020

AIB to be dragged into mortgage rates row

22nd August, 2015
Ross Maguire who is one of New Beginning’s co-founders

AIB is facing legal action from customers alleging they were overcharged as the bank didn’t switch them on to a low-priced tracker mortgage rate.

The debt advisory group, New Beginning, has filed proceedings against the lender on behalf of a mortgage customer who claims they should have been offered a tracker after their fixed-rate term expired. This was despite the switch in rates being part of the terms and conditions of the mortgage,...

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