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, please register for free on the “Register Today” tab. If your details are accepted you will receive a “Welcome Email” with 24 hours. Check your Junk/Spam if you don’t receive this important document. Follow the instructions in the “Welcome Email” and then email us at info@misselling.ie for our Free Interest Rate Complaint Template.