Brendan Burgess
Founder
- Messages
- 53,218
No, as the original mortgage would be redeemed upon the sale of the property with the tracker and any rate attached to it gone.Would this impact people who had moved home and were pushed onto higher margin trackers?
But an appeal will probably cost them €1m. Winning it would probably save them €100m. They don't care about their reputation as they have left the country, so they could make a financial calculation and appeal it. They would not expect to win, but the payoff of winning would be worth risking €1m in legal fees.
What's more confusing and concerning to me is the seemingly dramatic divergence of FSPO decisions depending on the invidual(s) in position at the time. It suggests that the process has a lot of subjectivity baked in.
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