various loans from AIB

dara brey

Registered User
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brendan I need help in understanding the guidelines imposed by the Central Bank, regarding this situation. On my home loan, which was due to be paid in full last year, and should have been through direct debit from AIB. Six years ago AIB loaned an additional fund (without security) for a foreign property. Though they put in writing they would not agree to do so, they wired the monies anyway 2007. This was supposedly based on home property valuation. Then property decline Bank confiscated all monies on deposit and tried to force repayment of second loan within first year. No contract was signed on this loan. They also took 100k of our hard earned monies and applied to 2nd loan, against our instruction. Now aib is trying to get us a refinance structure , to include both loans, after defaulting our payoff of home loan due to confiscation of funds. advice please.
 
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