New Group: For PTSB customers sold to Mars Capital

M

MaryBr

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New Group Formed for PTSB customers recently sold to Mars Capital.
Objective:
To form a large group:
To achieve the same discounted rate for loans as Mars Capital:
To seek legal representation for large group:
Please message me if interested in joining this group to take objective forward legally.
Thank you
Mary Broadbery
 
MaryBr said:
To achieve the same discounted rate for loans as Mars Capital:
Click to expand...

What does this mean?

Are you proposing that you buy the loan from Mars at the price they paid ptsb for it?

How much did Mars pay for your loan?

Is it in arrears or negative equity?

In the unlikely event that Mars agreed to give you a discount on repayment of the loan, where would you get the finance?


Brendan
 
Brendan,
I have requested from PTSB the relevant sale documentation between PTSB and Mars under the FOI Act. Once I receive it I will know some of the answers to your questions. PTSB is at fault. No not negative equity.
MB
 
MaryBr said:
Brendan,
I have requested from PTSB the relevant sale documentation between PTSB and Mars under the FOI Act. Once I receive it I will know some of the answers to your questions. PTSB is at fault. No not negative equity.
MB
Click to expand...
I wish you well getting that information from PTSB. The FOI Act does not apply to them. What type of loan you had that was sold, i.e. home or buy to let mortgage , other loan?

PTSB won't care about you...it's just business for them. Even it makes nonsense to you anyone else, that's how PTSB operate.
 
Luternau said:
I wish you well getting that information from PTSB. The FOI Act does not apply to them. What type of loan you had that was sold, i.e. home or buy to let mortgage , other loan?

PTSB won't care about you...it's just business for them. Even it makes nonsense to you anyone else, that's how PTSB operate.
Click to expand...
I suppose my request to PTSB is more of a Data Access Request rather than an FOI. My request has been acknowledged with a phone call today. Tracker mortgage.
MB
 
Thanks for info
I am surprised they have anymore trackers. They sold 5,170 mostly interest only tracker loans to fund (Pimco) in Sept 2022 for approx €700m. Mybloans were in that package. After transfer they were serviced by Pepper at same terms as PTSB, so it had little impact.
What is your concern over the transfer in general or just that you would like to have been offered the same discount?
 
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