You Could Be Owed Thousands — and It Costs Nothing to Find Out**
Across Ireland, thousands of homeowners have had their mortgages sold to so-called “vulture funds.”
What many don’t realise is this:
the interest rates now being charged often bear no resemblance to normal market rates.
We Are Seeing Rates of Up to 9%
Through our work at Misselling.ie, we are consistently seeing:
- Variable rates as high as 8%–9%
- No clear explanation of how these rates are set
- Different customers with the same servicer being charged different rates
This raises a fundamental question:
Who is setting your interest rate — and on what basis?
Do You Even Know What Rate You Are Being Charged?
It sounds basic — but many borrowers don’t actually know:
- Their current interest rate
- How it compares to the wider market
- Whether it has increased without justification
If your mortgage has been sold, the terms may have changed in practice — even if not on paper.
The €100,000 Question
Let’s make this real.
On a €300,000 mortgage over 25 years:
- A 2% higher interest rate
- Can cost you approximately €100,000 extra over the life of the loan
That is not a marginal issue —
that is potentially life-changing money.
The Core Issue: Variable Rates and Consumer Protection
We take the view — supported by EU consumer law principles — that:
A “variable rate” mortgage cannot simply mean
“we can charge whatever we like.”
There must be:
- Transparency
- A clear method of calculation
- A link to objective market factors
If those are missing, the term itself may be unfair.
What Can You Do — Right Now?
You do not need to go to court.
You do not need to hire a solicitor.
You can start with a simple complaint.
Step 1 — Register Your Mortgage (Free)
Register your details with Misselling.ie.
We will assess:
- Whether your mortgage qualifies
- Whether there are indicators of unfair terms or mis-selling
Step 2 — Get Your Free Complaint Template
If your case is accepted:
- You simply request our Interest Rate Complaint Template Letter
- This is tailored to challenge:
- The basis of your interest rate
- The lack of transparency
- The legality of how it is being applied
Step 3 — Send It to Your Loan Owner / Servicer
Once sent:
- It becomes a formal complaint
- Under Irish regulatory rules, they are required to:
- Investigate
- Respond within 40 working days
No Cost. No Risk.
- There is no charge to register
- There is no charge to send the complaint
- You are simply asserting your consumer rights
Why This Matters
For over a decade, many homeowners have felt:
- Powerless
- Pressured
- Unheard
This process is about one thing:
Turning the consumer from a passive payer into an active claimant
Take the First Step
If your mortgage is with a vulture fund:
- Register it
- Have it assessed
- Get your free complaint template
Because the key question is simple:
Are you paying more than you should — and no one has ever explained why?
If you have your account number with the Vulture Fund, you easily register now at XXXXXXXXXXX, if you are accepted you will receive a “Welcome Email”. Check your Junk/Sapm if you dont receive this within 24 hours. Follow the instructions in the “Welcome Email” and then email us at info@misselling.ie for our Free Interest Rate Complaint Template.