However the application of the FSPO decision to the wider group of customers is outside of the Tracker Mortgage Examination (“TME”) Framework set out by the Central Bank and as such the principles of the Framework do not have to be applied by the lender.
Bit of a philosophical question but are the 300 inside or outside the TME?AIB is applying the FSPO ruling - 12% and interest on the 12%.
It is not paying the 15% compensation in the original AIB lost tracker scheme.
And it is not paying the automatic compensation paid to everyone who lost their homes who also lost trackers.
So these people will have to apply to AIB for further compensation and if they are not happy with the response, they will have to go to the Ombudsman.
Brendan
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