Homeowner wants to know if paying off their mortgage at this stage will lock them out of any chance of a refund or compensation
Pedestrians pass a sign offering mortgage deals on display outside an AIB branch: homeowner says she was never offered the option of a tracker mortgage. Photographer: Aidan Crawley/Bloomberg, taken out in August 2003 at 3.3 per cent. We fixed our rate later that month for five years at 3.99 per cent.
We are in a lucky position that we have asked for a redemption value to repay the remaining balance of our mortgage. If we proceed with this, would it invalidate any opportunity for redress with AIB?As we entered 2025, I have to say the one topic I no longer expected to get queries on was the.
As you do appear to have been aware of the situation more or less throughout, I’m really at a loss to understand why you did not at least contact the bank, the ombudsman or the Central Bank at some point if only to make sure your case was on the radar. As you are now in the fortunate position of being able to pay down the balance of the mortgage, the other good news is that paying off the loan in full will not disqualify you from pursuing your inquiries/action.
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