If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

ICS withdraw all tracker rates

thesteve · 2008-09-10 07:46:39

So at the final stages of buying a house, notice the mortgage contract sent out had my rate changed from 2 year fixed, rolling to Variable instead of the tracker rate I chose... Called them up and they've removed the tracker rate for all new business! Thanks for informing me like! Where's the logic in this?

10-09-2008 07:46AM

#1

thesteve

Registered Users, Registered Users 2 Posts: 902 ✭✭✭

Join Date: December 2003

Posts: 809

So at the final stages of buying a house, notice the mortgage contract sent out had my rate changed from 2 year fixed, rolling to Variable instead of the tracker rate I chose... Called them up and they've removed the tracker rate for all new business! Thanks for informing me like!

Where's the logic in this?

0

Comments

#2 10-09-2008 02:29PM

astrofool

Registered Users, Registered Users 2 Posts: 17,329 ✭✭✭✭

Join Date: September 2000

Posts: 16365

Trackers are more expensive for them to provide due to the high euribor rate. With a variable they can guarantee themselves to make money, but not with a tracker locked at ECB +1.1 for example.

They'll start to come back once there's some competition in the mortgage market.

0