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sleepwello'nights

Ombudsman Rules Bank Of Ireland Tracker Rate Hike Unfair

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From the link it appears that the ombudsman didn't rule that the differential hike was unfair, but that preventing borrowers from moving to a different lender in light of the differential hike was unfair:

Pugh accepted the bank was allowed to change the differential, as set out in the terms and conditions, but it could not prevent the couple moving the mortgage to a different lender, which they were unable to do without any exit charges within six months of the changes.

Mods: might be worth merging with the main Bank of Ireland thread as this case has come up there and this article does seem to provide some further clarity.

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